Should you hear your colleagues in HR talking about peanut butter, you might be disappointed to find out they’re not actually planning to restock the office pantry.

Instead, they may be referring to the decidedly less tasty practice of compensation planning. In the total rewards world, “peanut butter” pay can refer to giving workers flat raises across the board, in the same way you might spread the snack evenly across a piece of toast.

Starbucks recently said it would switch to the peanut butter approach, giving all salaried employees in North America the same 2% raise, rather than allowing managers to grant merit raises at their discretion. The shift is part of a broader turnaround effort that necessitates cost containment, the coffee chain said………………..