An open compensation plan (or system or policy) is one with a defined

pay scale __NOTOC__ A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organizat ...

and no rules about keeping employee pay confidential. Open compensation plans are noted for reducing employee

turnover Turnover or turn over may refer to: Arts, entertainment, and media *''Turn Over'', a 1988 live album by Japanese band Show-Ya * Turnover (band), an American rock band *"Turnover", a song on Fugazi's 1990 album '' Repeater'' *''Turnover'', a Japane ...

. One example of an organization with an open compensation system is the

U.S. military The United States Armed Forces are the military forces of the United States. The armed forces consists of six service branches: the Army, Marine Corps, Navy, Air Force, Space Force, and Coast Guard. The president of the United States is th ...

External links

An example open compensation plan for software professionals
Employment compensation {{Econ-stub