Search results
Results from the WOW.Com Content Network
A pay grade is a unit in systems of monetary compensation for employment. It is commonly used in public service, both civil and military , but also for companies of the private sector. Pay grades facilitate the employment process by providing a fixed framework of salary ranges, as opposed to a free negotiation.
The range is based on factors like location (high vs low cost of living locations), experience, or seniority. 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 ...
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.
This extension to the traditional career ladder allows employees to be promoted along either a supervisory or technical track. Dual career ladder programs are common in the engineering, scientific and medical industries where valuable employees have particular technical skills but may not be inclined to pursue a management career path. [4]
For example, in a high-cost area such as Santa Clara, you need $297,800 to be classified as upper class. On the other hand, households in rural areas may qualify for upper class status at lower ...
A common practice is the year number followed by the initials of the teacher who takes the form class (e.g., a Year 7 form whose teacher is John Smith would be "7S"). Alternatively, some schools use "vertical" form classes where pupils across several year groups from the same school house are grouped together.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. Salary can also be considered as the cost of hiring and keeping human resources for corporate ...