Human Resource Business Partner External Equity (Research Paper Sample)

Human Resource Business Partner External Equity

External equity is the standard that compares the employer's wages with the prevailing rates in external markets for the employee's position. The determination of eternal equity takes place by surveying the modest labor market (Pynes, 2013). The identification and definition of labor markets occur by several factors like technical background requirements, education, licensing, job experience, and geographical location. Here, we look at the external equity of a human resource business partner in Philadelphia and reflect on the differences between the various organizations around the area.
Certain differences are evident in the human resource business partner external equity. Philadelphia, Clemens Food Group, ADP, Amazon, Cigna, and Verizon. In examining the salaries being paid by these organizations, there is an evident difference in their salaries. For instance, the average salary for a Human Resources Business Partner in Philadelphia is $86,132 a year. Primarily, this is regarded as very high as it is about 1% above the national average, which means the pay is good. Looking at the Clemens food group, it is apparent that a human resource business partner's average salary is $69,512 in a year. The fact that it ranges between $68,000 and $77,000 in a year means that the pay is significantly above the low level and can be considered good. Looking at ADP, Amazon, Cigna, and Verizon, it is clear that the pay they provide to the HR business partner is not average as they do not surpass the $100,000 mark.