Salary Policy
/ˈsæl.ɚ.i ˈpɒl.ɪ.si/
Definitions
- (n.) A formalized set of guidelines established by an employer dictating the structure, determination, and administration of employee compensation.
The company revised its salary policy to ensure compliance with minimum wage laws.
Forms
- salary policy
- salary policies
Related terms
See also
Commentary
Salary policies should be clear to avoid disputes and ensure consistency in compensation practices.
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.