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English definition of “internal equity”

internal equity

noun [U]
 
 
HR a situation in which employees who do similar jobs within a company receive similar salaries, and the amount they are paid is related in a fair way to the type of job that they do: Among retail salespersons, internal equity was found to be more important to salespersons than external equity. →  Compare external equity , internal consistency
(Definition of internal equity from the Cambridge Business English Dictionary © Cambridge University Press)
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