Term: Red Circle Rate
Definition:An employee pay that is higher than the already determined maximum that was assigned to the job. Increases in pay are not usually given unless the range maximum exceeds the employee pay rate.
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Course | Page Number |
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81 - Salary Structures and Pay Delivery | 15 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®