Internal Labor Market

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202217

Term: Internal Labor Market

Definition:In compensation, an organization’s internal labor market is its own employees who may be selected to fill positions in instances where there is a preference for hiring from within. In such cases, the skills that are needed are often developed inside the organization and cannot be found in the external labor market.

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CoursePage Number
71 - Environments of Compensation and Benefits Administration 3
83 - Designing a Geographic Salary Structure 3
84 - Labor Market Trends – U.S. vs. Europe 6
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World at Work
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CPE Sponsors - QAS
CAC
CCC

The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®