Lockstep compensation
id:
lockstep-compensation-186-18152415
title:
Lockstep compensation
text:
Lockstep compensation or Seniority-Based Compensation is a system of remuneration in which employees' salaries are based purely on their seniority within the organization. For example, in the legal profession, where this system is most commonly found, all law school graduates hired by a law firm who graduated in the same year receive the same base pay regardless of background, experience, or ability. These associates will also receive automatic annual pay raises, bonuses, and promotions. Alterna
brand slug:
wiki
category slug:
encyclopedia
description:
System of employee remuneration
original url:
https://en.wikipedia.org/wiki/Lockstep_compensation
date created:
2009-08-14T15:53:26Z
date modified:
2024-09-08T13:41:50Z
main entity:
{"identifier":"Q1421669","url":"https://www.wikidata.org/entity/Q1421669"}
image:
fields total:
13
integrity:
15