noun
external labor market
Economic term referring to the labor market outside a particular firm or organization, as opposed to the internal labor market.
企業は外部労働市場から必要な人材を採用する。
Companies hire necessary personnel from the external labor market.
Refers to the internal labor market within an organization, where employees are promoted or transferred, contrasting with the external labor market.
Compound of 外部 (external) + 労働 (labor) + 市場 (market), a direct translation of the English term 'external labor market'.