payscheme
nounUK /ˈpeɪ skiːm/
US /ˈpeɪ skiːm/
A payscheme is a plan for how people get paid for their work.
The company introduced a new payscheme that rewards employees for good performance.
OTHER MEANINGS
2. A structured program that determines how commissions or incentives are distributed to sales staff.
The sales team's payscheme gives them a percentage of every deal they close.
3. An arrangement for paying freelancers or contractors based on milestones or deliverables.
Under the freelance payscheme, she gets paid after each project phase is approved.
4. A government or organizational system for distributing benefits or allowances to specific groups.
The new welfare payscheme aims to support low-income families more efficiently.