# Open compensation plan

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> Markdown URL: https://mediated.wiki/source/Open_compensation_plan.md
> Source: https://en.wikipedia.org/wiki/Open_compensation_plan
> Source revision: 1238940466
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

{{Short description|Open system that determines the wage of an employee}}
{{unsourced|date=July 2023}}
An '''open compensation''' plan (or system or policy) is one with a defined [pay scale](/source/pay_scale) and no rules about keeping employee pay confidential. Open compensation plans are noted for reducing employee [turnover](/source/Turnover_(employment)). One example of an organization with an open compensation system is the [U.S. military](/source/U.S._military_pay_grades).

==External links==
*[http://www.construx.com/professionaldev/organization/pdl/ An example open compensation plan for software professionals]
Category:Employment compensation
{{Econ-stub}}

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Adapted from the Wikipedia article [Open compensation plan](https://en.wikipedia.org/wiki/Open_compensation_plan) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Open_compensation_plan?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.