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Definition of “external equity” - English Dictionary

"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)
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