okayokayokay7767 okayokayokay7767
  • 22-07-2020
  • Business
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When longer-term employees' salaries are lower than those of workers entering the firm today, ______ has occurred.

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topeadeniran2 topeadeniran2
  • 24-07-2020

Answer: Salary compression

Explanation:

Salary compression is a situation that occurs when there is a negligible differences in pay between the workers in an organization despite the experience and skills level.

It usually occurs when the pay of the current employees that are working with a company does not keep up with the rise in market pay rate thereby giving rise to a situation whereby new employees are employed at a identical pay or better pay to those that have been at the organization.

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