Compensation Glossary

Aging Survey Data Benchmark Job Midpoint Progression Pay Equity Minimum Wage Market Pricing Geographic Differential Annual Incentive Step Rates Shift Differentials Hours of Work Individual Retirement Account (IRA) Cost of Labor Defined Contribution Plans Long-Term Incentive Plan Turnover Black-Scholes Model Z Year of Service Gender Pay Gap Promotional Increase Lead Pay Structure Policy General Salary Increase Salary Range Lag the Market Total Rewards Salary Grade Red Circle Rate Quartile Internal Equity Broadbanding Range Penetration Defined Benefit Plans Job Evaluation FICA Range Range Spread Percentile Mode Benchmarking Merit Increase Pay Range Overlap Market Index Median Demotion Lead-Lag Pay Structure Policy Stock Option Incentive Restricted Stock Pay Grade Market Based Salary Increase Budget Mix Green Circle Rate Bonus Standard Deviation Job Family Works Council Linear Regression Cost of Living Foreign Earned Income Exclusion Mean Sales Compensation Lump Sum Merit Consumer Price Index (CPI) Coefficient of Determination Salary Structure Change Standard Error of Estimate Compa-Ratio Compensable Factors