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HomeRecruitment GuideGlossary Terms A-ZPay adjustment
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Pay adjustment

In general, a pay adjustment is any change that affects the pay rate of an employee, whether it is an increase or a decrease, that does not involve the duties associated with a given position. In many cases, a pay adjustment applies to a particular group of employees and is granted in the beginning of each fiscal year, but spot adjustments are also common for employees who go above and beyond company expectations. In addition, employers must consider the amount paid by competitors for similar work in a given industry.

Related Terms

  • general wage adjustment
  • wages
 

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The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.

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