Red Circle Rate
Red Circle Rate : This is a rate of pay which an employee enjoys, even though it is recognized to be higher than for that type of job. This situation arises out of a job reclassification exercise, where a job may be downgraded to a rate lower than that which a long- standing incumbent is already receiving to perform it. In such a situation, any newcomers to the job will receive the true rate. What some organizations do, is to negotiate a `buy our with the person already in the job. This they do by agreeing on a lump-sum payment to the worker, in return for the worker accepting the true rate
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