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This question is about employer.
What is a sliding pay scale?
A sliding pay scale is an employee payment method that determines compensation based on the employee or individual's work performance, skills, or experience. When using a sliding pay scale employers pay employees or independent contractors more when they meet certain predetermined criteria and less when they do not.
Sliding pay scales are used by many different employers in different industries. A company might pay employees a higher rate of commission when they meet or exceed specific sales, and less when they fail to do so.
A sliding pay scale can also incentivize employees to increase their work performance and productivity because they know they can be paid more if they meet the criteria outlined by their employer.
However, sliding pay scales can also be difficult to implement and, in some cases, might subject employees to discrimination or other forms of bias. If you decide to use a sliding pay scale make sure you form your criteria beforehand for proper structuring and also ensure that it is monitored appropriately.
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