external equity
noun[U]
ukus(alsoexternal competitiveness)HR
thesituationin whichemployeesof acompanyreceivepaythat isfair, when it iscomparedto thepayofemployeesin othercompanieswho do the samejob:
Amongretailsalespersons,internalequitywasfoundto be moreimportanttotheirjobsatisfactionthanexternalequity.
Compare
internal equity