Concept information
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applied developmental science
developmental processes
career development
career development initiatives
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industrial psychology
employment, staffing, and careers
career development
career development initiatives
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human resource management
human resource development
career development
career development initiatives
...
resource development
human resource development
career development
career development initiatives
...
resource development
human resource development
career development
career development initiatives
Preferred term
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 concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/pay_compression
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