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Sarah has been with an organization for 10 years and is considered a highly knowledgeable employee that is a valuable asset to the organization.However,every time she tries to apply for a promotion for which she is well qualified,she has been declined.Sarah is experiencing ___________.
Externality
A side effect or consequence of an economic activity that affects other parties without this being reflected in the cost of the goods or services involved.
Compensation
A broad term referring to the combination of salaries, wages, benefits, and other forms of value provided to employees for their services.
Private Bargaining
The process through which individual parties negotiate terms and conditions exclusively among themselves without the intervention of external regulations.
Efficient Outcome
An optimal allocation of resources that results in the highest possible satisfaction or utility with the least waste or inefficiency.
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