Meaning of “salary matrix” in the English Dictionary

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"salary matrix" in Business English

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salary matrixnoun [ C ]

uk us

HR, WORKPLACE a chart that shows the range of salaries in a company and that is used when a decision is being made about how much people's salaries should increase:

The new state salary matrix will keep new teachers from advancing in pay as quickly as they did in the past.

(Definition of “salary matrix” from the Cambridge Business English Dictionary © Cambridge University Press)