Compensation Glossary

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