Definition: Salary Increase

Term: Salary Increase

Definition:The difference between an organization's current pay and what it plans to pay in the future. Salary increases can be given based upon merit (such as pay for performance), cost-of-living increases, or matching what competing organizations pay. In the latter case, wage surveys are used to determine the amounts of salary increases.

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Course	Page Number
19 - Quantitative Methods Used in Salary Administration	17

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Salary Increase