The questions are complete. Explain the terms in relation to compensation since they are under compensation. 11. Define each of the following:     a. external equity     b. internal equity     c. procedural justice     d. distributive justice     e. pay secrecy 12. Describe each of the following strategies: lag-the-market, lead-the-market, and match-the-market.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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HOME WORK CHAPTER 11- Total Rewards & Compensation

The questions are complete. Explain the terms in relation to compensation since they are under compensation.

11. Define each of the following:

    a. external equity

    b. internal equity

    c. procedural justice

    d. distributive justice

    e. pay secrecy

12. Describe each of the following strategies: lag-the-market, lead-the-market, and match-the-market.

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