HR Glossary

What is Net Pay?

The amount of money an employee receives in their paycheck after all mandatory and voluntary deductions have been subtracted from gross pay.

Why it matters in hiring

Net Pay 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 N

• National Insurance Contributions (NIC)
• National Insurance
• National Living Wage
• National Minimum Wage
• New Hire Checklist
• NHS
• Niche Job Board
• Nine-Box Grid (9-Box)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.