Definition, Meaning & Synonyms

competitive-salary

Phrase

/kəmˈpɛtɪtɪv ˈsæləri/

Definition

A salary that is comparable to or better than what is typically offered for similar positions in the industry or region.

Examples

Many tech companies offer a competitive salary to attract top talent.
The job listing stated that the role comes with a competitive salary and benefits.
After researching industry standards, she felt she deserved a competitive salary for her skills.

Meaning

The term ‘competitive salary’ refers to a wage or compensation package that is attractive enough to encourage prospective employees to join a company, particularly when compared to similar roles available in the market.