What are salary bands?
Salary bands, also known as pay ranges or pay scales, are ranges of salaries for specific job positions. Organizations use them as part of their compensation management strategy.
Job pricing is how you establish the right compensation or salary for a specific job…
On-demand pay is a way for people to receive payment for their work as they…
A salary freeze, also known as a pay freeze, is when a business makes the…
A performance-based bonus is an extra compensation granted to a team member as a reward…
A compensation plan is a payment package designed to attract and retain employees. A basic…
The objectives of compensation management are to attract, engage, and retain employees through competitive compensation…
Supplemental wages are a form of compensation employers offer in addition to base income. While…
Pay parity is the practice of paying people equitably. This means that those in the…
Paid holidays are days of festivity or recreation when people can take a paid day…
A merit increase is a salary raise granted to an employee for outstanding work performance…
Compensation management is the process of managing analyzing and determining the salary, incentives, and benefits…
Gross wages refer to the amount of money earned before taxes are withheld from a…
Time in lieu, also referred to as time off in lieu or TOIL, is when…
A gender pay gap is a difference in pay between men's and women’s average salaries.
A leave of absence (LOA) is time people can take off from work for extraordinary…