Definition, Meaning & Synonyms
pay-scale
noun
/ˈpeɪˌskeɪl/
Definition
A pay scale is a system that outlines the salary range for a specific job or position within an organization, often based on factors such as experience, education, and job performance.
Examples
- The company has implemented a new pay-scale to ensure all employees are paid fairly based on their experience.
- Understanding the pay scale can help employees negotiate their salaries during performance reviews.
- Many organizations publish their pay scales to attract top talent and maintain competitive compensation.
Meaning
The pay scale details how much employees are compensated for their work, ensuring fairness and transparency in salary distribution.
Synonyms
- salary structure
- compensation framework
- pay grade
- salary range