Dictionary-of-Human-Resources-Management

payment scheme /peImənt
skim/, payment system /peImənt
sIstəm/ noun a method used by an organisation
to pay staff The human resources
manager has devised a payment
scheme which is both fair and
motivating.
payment structure /peImənt
strktʃə/ noun wage or salary levels in
an organisation
pay negotiations /peI nIɡəυʃi-
eIʃ(ə)nz/, pay talks /peI tɔks/ plural
noun discussions between management
and employees about pay increases
pay off /peI ɒf/ verb 1. to finish paying
money which is owed He won the
lottery and paid off his mortgage. She
is trying to pay off the loan by monthly
instalments. 2. to terminate somebody’s
employment and pay all wages that are
due When the company was taken
over the factory was closed and all the
workers were paid off.
pay package /peI pkIdʒ/ noun
the salary and other benefits offered
with a job The job carries an attractive
pay package. (NOTE: also called
salary package)
pay packet /peI pkIt/ noun an envelope
containing the pay slip and the
cash pay
pay parity /peI prIti/ noun earning
the same pay for the same job (NOTE:
also called wage parity)
pay review /peI rIvju/ noun a
re-examination by the employer of an
employee’s pay I’m soon due for a
pay review and hope to get a rise.
(NOTE: also called salary review or
wage review)
Pay Review Board /peI rIvju
bɔd/ noun an official body which examines
pay scales in a nationalised industry
or public service and
recommends changes
pay review body /peI rIvju bɒdi/
noun an independent organisation
which examines pay scales of groups of
employees and recommends increases
pay rise /peI raIz/ noun an increase
in pay
payroll /peIrəυl/ noun 1. the list of
people employed and paid by a compay-as-you-go
194 payroll
pay-as-you-go /peI əz ju ɡəυ/ US
same as pay as you earn
pay-cheque /peI tʃek/ noun 1. a salary
cheque given to an employee 2. a
monthly cheque by which an employee
is paid (NOTE: the American spelling is
paycheck)
pay comparability /peI
kɒmp(ə)rəbIlIti/ noun a similar pay
system in two different companies
pay day /peI deI/ noun a day on
which wages are paid to employees
(usually Friday for employees paid once
a week, and during the last week of the
month for employees who are paid once
a month)
pay differentials /peI dIfərenʃəlz/
plural noun differences between one
employee’s pay and another’s in similar
types of jobs (NOTE: also called salary
differentials or wage differentials)
PAYE abbr pay as you earn
pay freeze /peI friz/ noun a period
when wages are not allowed to be
increased
pay hike /peI haIk/ noun an increase
in salary
pay levels /peI lev(ə)lz/ plural noun
rates of pay for different types of work
(NOTE: also called wage levels)
payment /peImənt/ noun 1. the act
of giving money in exchange for goods
or a service We always ask for payment
in cash or cash payment and not
payment by cheque. The payment of
interest or the interest payment should
be made on the 22nd of each month.
payment by results money given which
increases with the amount of work done
or goods produced 2. money paid
payment-in-kind /peImənt In
kaInd/ noun an alternative form of pay,
given to employees in place of money
but considered to be of equivalent value
(NOTE: A payment in kind may take the
form, for example, of use of a car or an
opportunity to purchase goods at cost
price.)
payment-in-lieu /peImənt In lju/
noun a payment given in place of something
such as a holiday which an employee
is entitled to but is unable to take