Definition
A defined range of salaries for a job level, with minimum, midpoint, and maximum amounts. It is the company's official statement of how much it values a role, enforced with the seriousness of a legal document.
Example Usage
The offer is above the band midpoint, so it needs VP approval before we can extend it.
Source: Compensation management terminology
Related Terms
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See “Pay band” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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