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A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Base Salary or Guaranteed Pay – a fixed monetary reward paid by an employer to an employee. This refers to the regular amount of money that an employee receives consistently. The basic salary, often referred to as the base or fixed salary, is the set amount that an employee receives for their standard work.
The pay scale was originally created with the purpose of keeping federal salaries in line with equivalent private sector jobs. Although never the intent, the GS pay scale does a good job of ensuring equal pay for equal work by reducing pay gaps between men, women, and minorities, in accordance with another, separate law, the Equal Pay Act of 1963.
Pay bands (sometimes also used as a broader term that encompasses several pay levels, ranges or grades) is a part of an organized salary compensation plan, program or system. In an organization that has defined jobs, pay bands are used to distinguish the level of compensation given to certain ranges of jobs to have fewer levels of pay ...
Use italics when writing about words as words, or letters as letters (to indicate the use–mention distinction). Examples: The term panning is derived from panorama, which was coined in 1787. Deuce means 'two'. (Linguistic glosses go in single quotation marks.) The most common letter in English is e.
The English-language titles of compositions (books and other print works, songs and other audio works, films and other visual media works, paintings and other artworks, etc.) are given in title case, in which every word is given an initial capital except for certain less important words (as detailed at Wikipedia:Manual of Style/Capital letters ...
to pay money in exchange for the right to use a house, land or other real property (BrE "let") to pay money in exchange for the right to use moveable property such as a car (BrE "hire") restroom a room for staff to take their breaks in; a staffroom (US: breakroom) a room in a public place, containing a toilet retainer