What are salary bands and how do they relate to performance reviews?
An example of an AI chatbot conversation about salary bands and performance reviews.
What are salary bands and how do they relate to performance reviews?
Salary bands are ranges of pay established for specific job roles within an organization. They help ensure fair compensation.
How are these bands determined?
Salary bands are typically determined based on market research, internal equity, and the organization's budget.
Do performance reviews affect salary bands?
Yes, performance reviews can influence salary adjustments within the bands, potentially leading to promotions or raises.
Can you explain how to prepare for a performance review?
To prepare, gather your accomplishments, set clear goals, and be ready to discuss your contributions and areas for improvement.
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