A salary range that a company is willing to pay for a particular job level. Comp bands are typically used to make sure that a company's salaries are both fair and competitive with the overall job market.
Example: The company had an above market comp band for their software engineering roles because the company wanted to hire the best talent.
Variations: compensation band, pay band
Trending Words
Check out the list below for the trending words that people are searching for on this site.
Drive Consensus
Refresher Grant
Influence Without Authority
I Have A Conflict. Can We Reschedule?
Feeder Company
Newest Words
Check out the list below for the latest words and phrases added to this site.
Running a Few Minutes Late
Alignment Meeting
Design Doc
Drive Consensus
Refresher Grant
Question: What does "Calendar Invite" mean?
(A) When a person wants to meet with you next week.
(B) An email sent to schedule a meeting with the option to either accept or decline the meeting at the scheduled time.
(C) When a person has available time on their calendar to meet with you.
(D) When a person does not have any time to meet with you.
Answer: Find out the right answer here.
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Date: 05/03/2024
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.
"Comp Band." Jargonism.com Dictionary, https://jargonism.com/words/1714. Accessed 05/03/2024.