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What is a sliding pay scale?

A sliding pay scale is an employee payment method that determines compensation based on the employee or individuals work performance, skills, or experience.

What is the meaning of sliding fee scale?

Sliding scale fees are variable prices for products, services, or taxes based on a customers ability to pay. Such fees are thereby reduced for those who have lower incomes, or alternatively, less money to spare after their personal expenses, regardless of income.

What is an example of a sliding scale pricing?

An umanaged sliding scale would mean that you offer your service from $0 on up without restrictions on either end (i.e. someone can pay $5 for a service while another person pays $65 and there is no minimum or cap to what someone can pay).

What is a sliding scale management fee?

Sliding scale fees are fees for services that are adjusted depending on an individuals income. They are set usually to allow for fairness and to address income inequality. The higher your income, the more you will pay, the lower your income, the less you will pay.

How do you calculate sliding fee scale?

Guide to creating a sliding fee scale (with free worksheets) Step 1: Determine usual and customary fees. Step 2: Add up expenses. Step 3: Set your salary. Step 4: Break it down. Step 5: Estimate client numbers. Step 6: Find your minimum fee. Step 7: Set your schedule. Step 8: Develop a sliding fee policy.