What is fairness in pay structure and also explain equity, Operation Management

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What is fairness in pay structure and also explain equity

1. What is Fairness in pay structure and also explain Equity theory and difference between internal and external equity.

2. When Determining pay level provide the Importance of labor market, competition, benchmarking.

3. Explain the following Theories related to compensation 1) Equity theory 2) expectancy theory.

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Operation Management: What is fairness in pay structure and also explain equity

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Operation Management: What is fairness in pay structure and also explain equity

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