external equity Definition in the Cambridge English Dictionary
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Definition of “external equity” - English Dictionary

Definition of "external equity" - Business English Dictionary

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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, ​internalequity was ​found to be more important to their ​jobsatisfaction than ​externalequity.
(Definition of external equity from the Cambridge Business English Dictionary © Cambridge University Press)
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