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Related Definitions
Salary Salary is the pay calculated on a periodic basis, such as weekly or monthly.
Wage and salary administration Wage and salary administration refers to procedures used for planning and administering organization-wide compensation programs for all levels of employees.
Wage and salary survey Wage and salary survey is a benchmark report consisting of market pay data for a variety of jobs conducted either on a local or nationwide basis. Used to evaluate an
Salary grade Salary grade is a compensation level expressed as a salary range, which has been
Salary range Salary range is a range of pay rates, from minimum to maximum, set for a specific pay grade.
Salary-substitute Firms Salary-substitute firms are small firms that yield a level of income for their owner or owners that is similar to what they would earn when working for an employer.
Salary Survey Salary Survey– is a survey aimed at determining prevailing wage rates. A good salary survey provides specific wage rates for specific jobs.
Salary Compression Salary compression refers to a salary inequity problem, generally caused by inflation, resulting in longer-term employees in a position earning...
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