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.
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What is job pricing?
Job pricing is how you establish the right compensation or salary for a specific job…
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What is on-demand pay?
On-demand pay is a way for people to receive payment for their work as they…
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What is a salary freeze?
A salary freeze, also known as a pay freeze, is when a business makes the…
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What is pay parity?
Pay parity is the practice of paying people equitably. This means that those in the…
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What are paid holidays?
Paid holidays are days of festivity or recreation when people can take a paid day…
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What are gross wages?
Gross wages refer to the amount of money earned before taxes are withheld from a…
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What is time in lieu?
Time in lieu, also referred to as time off in lieu or TOIL, is when…
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What is the gender pay gap?
A gender pay gap is a difference in pay between men's and women’s average salaries.
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What is a floating holiday?
A floating holiday is a paid day off that an employee can decide to take…
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What is a payroll cycle?
A payroll cycle is an administrative process of paying employees recurring compensation.
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What is salary benchmarking?
Salary benchmarking is the process of evaluating a company’s internal job salaries based on their…
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What is indirect compensation?
Indirect compensation is a type of remuneration that typically encompasses non-monetary forms of payment. Direct…
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What are fringe benefits?
Fringe benefits are supplementary forms of payment that employers provide employees in addition to a…
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Employee benefits
Employee benefits are a form of compensation that employers provide (along with a salary) to…
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What are company perks?
Company perks are perquisites that employers provide employees to assist them in maintaining high productivity…
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