An employee at Clearwater Electronics has contacted the HR department about her salary. She had been told that a recent hire with the same job and skill set was offered $1,000 more per year than she was. She wanted to know if the rumor was true and, if so, what the company was going to do to about the situation. After reviewing both jobs, it was determined that the employee should be given a pay raise to match that of the recent hire plus another 25 cents per hour. The employee was appeased, but the situation was messy and awkward. Given this example, why is it important that Clearwater Electronics have internal equity in its compensation system

Internal equity contributes to a company culture of fairness, and employees are more likely to feel valued and less likely to claim discrimination.

Explanation:

Internal equity is the process by which a company ensures that compensation for a particular job role is uniform. It is put in place to create fairness between coworkers.

If there is a disparity in wages of staff on the same level, it will cause dissatisfaction and feeling that they are not appreciated. Employees may eventually leave.

In the given scenario an employee had been told that a recent hire with the same job and skill set was offered $1,000 more per year than she was.

To pacify her the company gave her a pay raise to match that of the recent hire plus another 25 cents per hour.

If there was a good internal equity this awkwardness would have been avoided.

answer; /// i believe the correct answer is first in, first out(fifo); //

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know