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Fixed compensation
The salary (or base pay) provided to an employee as expressed in a given frequency, such as annual, monthly, weekly or hourly. Fixed compensation is typically set or changed on a periodic (usually annual) basis. Each employee usually has only one active fixed compensation record, but an employee who is paid in multiple currencies or frequencies can have more than one.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Computer
- Category: Components; Software development
- Company: Microsoft
- Product:
- Acronym-Abbreviation:
Other Languages:
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