Author Question: Managers exercise influence in a more informal and unstructured manner while leaders occupy formal ... (Read 116 times)

skymedlock · **on:** Jul 6, 2018

Managers exercise influence in a more informal and unstructured manner while leaders occupy formal decision-making positions in the organization.

Indicate whether the statement is true or false

Question 2

Discuss the difference between external and internal equity.

What will be an ideal response?

spencer.martell · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

FALSE

Answer to Question 2

The perceived fairness of the pay structure within a firm is referred to as internal equity. The job evaluation procedure provides for a systematic judgment of how important each job is to the firm. The perceived fairness of the compensation employees receive relative to what other companies pay for similar work is referred to as external equity. HR departments often use market surveys to study external equity.