Hi all,
I'm have been assigned this question for my assignment - Lack of external equity may contribute to staff turnover in an organisation. Discuss.
I'm quite stuck on this topic, it would be fantastic if anyone could help me out here on information or weblinks.
Many Thanks!
From Singapore, Singapore
I'm have been assigned this question for my assignment - Lack of external equity may contribute to staff turnover in an organisation. Discuss.
I'm quite stuck on this topic, it would be fantastic if anyone could help me out here on information or weblinks.
Many Thanks!
From Singapore, Singapore
Hello Zakes,
Hope u are enjoing in singapore!
What is External Equity? : it is known as external competitiveness it refers to how an employer positions its pay relative to what competitors are paying.
So if you are working in industry which is related to IT (Information Technology)
If you are working in X organisation as Software Developer and getting salary comparitively lesser than a person working in Y organisation performing same role / job as yours, then
You get demotivated
Your performance will start getting effected
You feel detachment from your present organisation.
You feel to leave job as soon as you get better chance (Salary)
But in some other cases
Such as in this case say Chan is working in a company named as "ABCXYZ Technologies" which is less reputed than say "Infosys Technolgies"
and ABCXYZ technologies is giving Chan higher salary than Infosys Technologies, but Chan is still interested in joining Infosys Technologies if gets chance.
So Sometimes it's a Brand Name and Reputation that matters.
From India, New Delhi
3Hope u are enjoing in singapore!
What is External Equity? : it is known as external competitiveness it refers to how an employer positions its pay relative to what competitors are paying.
So if you are working in industry which is related to IT (Information Technology)
If you are working in X organisation as Software Developer and getting salary comparitively lesser than a person working in Y organisation performing same role / job as yours, then
You get demotivated
Your performance will start getting effected
You feel detachment from your present organisation.
You feel to leave job as soon as you get better chance (Salary)
But in some other cases
Such as in this case say Chan is working in a company named as "ABCXYZ Technologies" which is less reputed than say "Infosys Technolgies"
and ABCXYZ technologies is giving Chan higher salary than Infosys Technologies, but Chan is still interested in joining Infosys Technologies if gets chance.
So Sometimes it's a Brand Name and Reputation that matters.
From India, New Delhi
Just to ask further on this topic, does cultures have any impact on external equity?
Cause i came across an article that says of Japanese ppl tend to focus on the opinions on the people ard them e.g. colleagues, friends, family before they think of leaving the job.
The western ppl tend to think and decide more for themselves when they leave the job for another.
What about economy? Does bad/good economy play a part in leaving the job?
Hope i din ask too much... :>
From Singapore, Singapore
Cause i came across an article that says of Japanese ppl tend to focus on the opinions on the people ard them e.g. colleagues, friends, family before they think of leaving the job.
The western ppl tend to think and decide more for themselves when they leave the job for another.
What about economy? Does bad/good economy play a part in leaving the job?
Hope i din ask too much... :>
From Singapore, Singapore
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