Compensation Glossary

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