What is a salary review?

A salary review is the evaluation process that managers conduct to determine if employees’ salaries fairly and accurately reflect their work performances.

What can HR leaders do to implement effective salary reviews?

HR leaders can ensure that the entire pay-for-performance system aligns employee success with the company’s success, values, and goals.

How can effective salary reviews improve company culture?

Honest salary reviews can lead to greater job satisfaction and employee retention. All employees want recognition and fair compensation for their work performance. A company that values its employees and shows it through proper compensation, can build a thriving company culture composed of enthusiastic and motivated individuals.

HR Glossary: Every term you need to know | Page 13 of 13

What is workplace stress?

Workplace stress refers to the physical, mental, or emotional reactions of employees when coping with…

What is work from home?

Work from home implies that an employee primarily works from the company office, and occasionally…

What is remote work?

Remote work is a work-style that takes place outside of the customary office setting, usually…

What is onboarding?

Onboarding is the process of incorporating a new employee into a company and familiarizing them…

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What is humanity in the workplace?

Humanity in the workplace is expressed through the innate, shared, human values, and unique talents…

What is empathy in the workplace?

Empathy in the workplace is the ability to be understanding towards colleagues and sensitive to…

What is compensation management software?

Compensation management software is a dedicated planning system that streamlines employee data and budget planning…

What is employee attrition?

Employee attrition is the naturally occurring, voluntary departure of employees from a company. Employee attrition…