Compensation Glossary

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