EXTERNAL EQUITY

external equity: translation

external equity exˌternal ˈequity noun [uncountable] HUMAN RESOURCES

when the pay that workers in one organization receive is similar to that of other workers doing a similar job in other organizations

external equity UK US noun [U] (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.

→ Compare INTERNAL EQUITY(Cf. ↑internal equity)