Salary Adjustment
/ˈsæləri əˈdʒʌstmənt/
Definitions
- (n.) A formal modification of an employee’s wage or salary typically authorized by an employer or contract provision.
The company announced a salary adjustment effective next month to reflect increased living costs.
Forms
- salary adjustment
- salary adjustments
Related terms
See also
Commentary
Salary adjustments often arise from collective bargaining agreements or company policy changes and may involve upward or downward modifications.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.