career development initiatives
type: Concept
narrower: pay compression

concepts
type: Collection
type: ConceptGroup
member: pay compression

pay compression
definition: Pay compression is present when individuals with more years of experience receive pay rates nearly equal to (compression) or less than (inversion) individuals with fewer years of experience. Pay compression most commonly occurs when demands from the external labor market push the starting salaries of organizational newcomers to pay levels that are similar to those of existing employees. [Source: Encyclopedia of Career Development; Pay Compression]
broader: career development initiatives
type: Concept