HR Glossary

What is Compensation Review Cycle?

The recurring annual or semi-annual process during which an organization evaluates and adjusts employee pay, bonuses, and equity based on performance, market data, and budget constraints.

Why it matters in hiring

Compensation Review Cycle comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with C

• Commission
• Commuter Benefits
• Compa-Ratio
• Compensation Philosophy
• Compensation Structure
• Competency-Based Interview
• Competency Development
• Competency Framework

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