Pete Has Been Working with the Same Investment Bank for the Last

question 51

Essay

Pete has been working with the same investment bank for the last five years.During a casual chat with his friend in HR,he finds out that Tom,a new hire in the same group,has been offered a salary almost double that of Pete's.Tom has similar education qualifications as Pete but has lesser experience.Discuss Pete's options for restoring a sense of equity.

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Definitions:

Diffusion of Responsibility

A psychological phenomenon where people are less likely to take action or feel a sense of responsibility in the presence of a large group of people.

Social Conflict

A situation where individuals or groups within a society disagree over values, beliefs, or interests, often leading to social change or disruption.

Different Background

Varied cultural, educational, or familial environments from which individuals originate.