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Pay Bands Terminology

  • 28-09-2006 11:08am
    #1
    emc2
    Registered Users, Registered Users 2 Posts: 1,357 ✭✭✭


    Hi,

    was Just wondering if anyone could shed some light on the term ref rate. I just recieved a document relating to payment structure and pay scales and can't think of what this might mean.
    The pay band where broke down as

    Bottom Rate
    €xxxxxx

    Ref Rate
    €xxxxxx

    Top Rate
    €xxxxxx


Comments

  • #2
    Wishbone Ash
    Registered Users, Registered Users 2 Posts: 25,038 ✭✭✭✭Wishbone Ash


    emc2 wrote:
    Hi,

    was Just wondering if anyone could shed some light on the term ref rate. I just recieved a document relating to payment structure and pay scales and can't think of what this might mean.
    The pay band where broke down as

    Bottom Rate
    €xxxxxx

    Ref Rate
    €xxxxxx

    Top Rate
    €xxxxxx
    (maybe=)
    1. Lowest rate for the work
    2. your rate
    3. highest rate


  • #3
    Civilian_Target
    Registered Users, Registered Users 2 Posts: 5,618 ✭✭✭Civilian_Target


    Usually:
    1: Lowest rate at this position
    2: Average/Standard rate at this poition
    3: Maximum rate you have earn before you have to be promoted to get to next rate


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