Resources

Glossary

Ranking

is a simple job evaluation method that ranks jobs from highest to lowest based on the overall value of the job to the organization. 

Recency Effect

refers to ratings that are affected strongly by the employee’s most recent actions.  Recent actions – either good or bad – are most likely to be remembered by the rater. 

Red Circle Rate

is the pay rate for a position that is higher than the maximum rate for a job or pay range for a grade.

Registered Retirement Savings Plan

(RRSP) is a tax deductible voluntary individual retirement plan funded by the employee’s own earnings. Some organizations dedicate part of their employee’s salary for an RRSP. The responsibility for making the RRSP contribution lies with the employee.

Reward

anything provided by the organization that satisfies an employee need (Long)

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