As an HR manager, how would you establish pay rates while ensuring external, internal, individual and procedural equity?

What will be an ideal response?

Answer: Managers use various means to address these four equity issues. For example, they use salary surveys to monitor and maintain external equity. They use job analysis and comparisons of each job ("job evaluation") to maintain internal equity. They use performance appraisal and incentive pay to maintain individual equity. And they use communications, grievance mechanisms, and employee participation to help ensure that employees view the pay process as procedurally fair. Some firms administer surveys to monitor employees' pay satisfaction.