Compensation Glossary

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