Definition
Compensation that's supposedly aligned with market rates for similar positions in similar industries. It's what companies claim when they're actually paying 15% below market.
Example Usage
The job posting promised 'competitive pay,' which meant we'd need to check Glassdoor to see if that was a lie.
Origin
Euphemism dating back decades in HR recruiting language.
Fun Fact
When HR says 'competitive pay,' check Glassdoor; when they say 'generous benefits,' they probably mean the dental plan covers prophylaxis.
Source: Recruiting Language and Euphemisms
Related Terms
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See “Competitive pay” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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