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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