Definition of “external equity” - English Dictionary


“external equity” in Business English

See all translations

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)