Compensation Glossary

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