Competitive base salary

[jobsuk]

We are committed to paying competitive salaries and carefully monitor the salary market. We also believe that individuals should be rewarded with a market-leading salary when their performance demands it. Salary levels are reviewed annually as a minimum.

[claudia123]

Competitive salary usually means that the corporation pays as well or better than other like corporations. Ex. Target employees paid as well or better than Wal-Mart employees

[deser]

A well-designed system for delivering competitive base salaries to your employees is the foundation of an effective total system of rewards. While some organizations see base pay programs as infrastructure or just a necessary cost of doing business, other companies understand how important these programs are to communicating values and remaining competitive in a complex marketplace for talent.

A focused, streamlined base pay plan can greatly enhance both the organization's operational effectiveness and its ability to attract and retain talent. Sound base pay programs and practices can provide a strong foundation for building a variety of other reward programs, including variable pay, recognition and performance management.

[jack123]

Hi

Competitive salary usually means that the corporation pays as well or better than other like corporations. Ex. Target employees paid as well or better than Wal-Mart employees. A well-designed system for delivering competitive base salaries to your employees is the foundation of an effective total system of rewards. While some organizations see base pay programs as infrastructure or just a necessary cost of doing business, other companies understand how important these programs are to communicating values and remaining competitive in a complex marketplace for talent.


Thanks

[diana123]

Base Salary is the term that refers to an employee's paid compensation before incentive compensation is applied. For newly hired employees, the base salary would not include items such as a sign on bonus or other monetary incentives.

An employee's base salary is the minimum annual money received or the standard salary which an employee receives for doing a specific job. It is also used as for calculating other allowances such as incentive compensation and employee benefits. When an employee shares in the cost of benefits such as life insurance or health insurance premiums, these items are payable from the base salary.

[alive]

It's supposed to mean that the salary being offered compares with the industry average for that position. What it really means is "We checked around and are prepared to offer you the cheapest salary that you'll sign on for". Do you expect them to say "We're stingy as hell and want someone to work their tail off for lousy pay"? That wouldn't draw very many applicants.