Compensation Glossary

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