Discuss the below in detail:
Image of survey conducted by Governing. It shows three different generations. Note that overall that the number regarding the importance of compensation between Baby Boomers and Millennials. Now, this is important because it shows that Millennials place much more importance on compensation than Baby Boomers, which makes sense given the relative point in the career path. However, the problem lies in internal equity. If the Millennials are demanding a higher wage than a tenured Baby Boomer in the same, or similar situated position, how do we address internal equity? Or do we go ahead and pay the higher wage of the Millennial in order to attract new talent at the risk of losing tenured employees?