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English definition of “external equity”

external equity

noun [U]
 
 
(also external competitiveness)
HR the situation in which employees of a company receive pay that is fair, when it is compared to the pay of employees in other companies who do the same job: Among retail salespersons, internal equity was found to be more important to their job satisfaction than external equity. → Compare internal equity
(Definition of external equity from the Cambridge Business English Dictionary © Cambridge University Press)
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