What is Retroactive Pay? | Meaning & Definition | Akrivia HCM

Retroactive pay refers to one of the quality services provided by payroll management companies. This is a form of compensation given to employees as they arrive at a specific location or once a project is completed. Retroactive pay is also known as back pay. Many companies are using retroactivity and back pay to motivate employees, increase their productivity and decrease the chances of workplace accidents.

Let’s Recruit, Reward, and Retain
Your Workforce Together!

Request a Demo
Request a demo image