What Does a Salary Freeze Mean?

Answer In times of economic recession, many companies and businesses are forced to enter a salary freeze, a period of time during which employees are not given raises or salary increases of any kind.

Top Q&A For: What Does a Salary Freeze Mean

What does salary pay mean?

Salary pay is a set pay amount. If you have to work more than 40 hours a week, you will not get overtime. But if you get all of your work done in less than 40 hours, you still will get paid for 40 ... Read More »

What does salary DOE mean?

Salary DOE means that the salary depends on experience. Therefore, if you see a job ad that says the salary is $50,000 to $75,000 DOE, and you have a lot of experience in the field, an employer sho... Read More »

What does net salary mean?

Net salary is the salary that remains after deductions are made from the gross salary. Deductions are made to pay for items such as taxes, Social Security and health insurance. Net salary is someti... Read More »

What does"OTE"mean in salary?

OTE stands for "On-Target Earnings." This refers to compensation packages that are a combination of a base salary and commission or bonuses. When employees meet all of their target sales and perfor... Read More »