Meaning of “external equity” in the English Dictionary

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"external equity" in Business English

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external equitynoun [ U ]

uk us 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.

(Definition of “external equity” from the Cambridge Business English Dictionary © Cambridge University Press)