Compensation Glossary

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