Comparability financial definition of comparability
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comparability an approach to PAY determination in which levels or increases in pay are sought or offered which maintain a relationship to those for other industries or occupations. The notion of the going rate is a form of comparability in that workers seek pay increases which are similar to those being achieved or sought by others. See JOB EVALUATION, PAY DIFFERENTIAL.
comparability an approach to WAGE determination in which levels or increases in wages for a particular group of workers or for an industry are sought or offered through COLLECTIVE BARGAINING, which maintains a relationship to those for other occupations or industries. Comparability can lead to COST-PUSH INFLATION.