Compensation Terminology 101
Compensation and benefits 101: a glossary of terms - Ravio
We've put together this glossary of terms commonly used in the world of compensation and benefits as a reference point for those moments of confusion.
Compensation: a glossary of terms - The ILR School
Compensation: a glossary of terms · Hourly pay: The rate at which an employee is compensated for each hour of work. · Salary: an agreed-upon amount of annual ...
Compensation Glossary - BetterComp
Base Salary: The fixed income an employer agrees to pay an employee for the job excluding anything additional like bonuses, overtime, commissions, tips, or ...
Compensation Glossary of Terms - UNT System HR
Compensation Glossary of Terms · Additional Pay: Supplemental pay for services performed in addition to or outside the scope of an employee's regular assignment.
Compensation Terminology 101 - HR Daily Advisor
The relationship of base pay to the market, expressed as a percentage of the midpoint of the salary range, is the compa-ratio. To determine ...
Compensation 101 - Chapter 3 - Market Benchmarking
This is the common term used to define the ratio between the employee's salary and the midpoint of the range. A compa-ratio of less than one means the employee ...
Compensation Terms & Definitions - | Larimer County
Compensation Terms & Definitions · Annualized Salary: Adjusted income or pay for an incumbent on annual basis. · Base Pay: Fixed compensation paid to an ...
Compensation 101: Building Consistent Salary Ranges and Bands ...
Your philosophy should include how you approach each compensation element (i.e., base salary, bonus, target total cash, equity). You will need ...
Introduction to the Human Resources Discipline of Compensation
Compensation also includes variable pay in the form of short- and long-term incentives, such as cash bonuses, commissions and company stock awards. Employers ...
Employee Compensation: A Full Guide for Savvy Employers
The obvious form of compensation is pay, whether it's salaried, hourly, or sales-based. Strive to financially compensate employees fairly, ...
Compensation 101 – What Do Those Boring Terms Mean Anyway?
Welcome to Compensation 101 where we define and give examples for those boring compensation terms we throw around all the time.
PayScale Compensation Dictionary
Find all the terms you need to master any compensation conversation. You'll be 'comp'letely fuent in no time. Page 3. Section 1: Comp 101. Pay Philosophy. 5.
The Workers' Compensation Glossary | Workers' Comp 101
We've defined the most commonly used workers' comp and insurance terms to help you navigate the insurance industry's lingo.
Employee Compensation 101: A Guide for Managers - Figures HR
Total rewards (or total compensation) is the sum total of all of the different elements of an employee's compensation package. Depending on your company, this ...
Compensation 101: The knowledge that really pays off
Direct compensation is the payment given to employees based on time worked or milestones achieved. It includes base pay, incentive pay, ...
HR Glossary | What is compensation? - Visier
Compensation is something of value—generally money and benefits—given to employees in exchange for the work that they do ...
HR 101 | Compensation and Benefits Strategy - BambooHR
Federal and Local Laws: To avoid legal issues, your compensation plan needs to meet minimum wage requirements, pay equally for equal work according to the Equal ...
Comp 101: Introduction to Compensation | WorldatWork
Learn the elements of compensation and key terms. · Discuss development of a compensation structure. · Review key compensation actions. · Discuss pay for ...
Compensation 101: What You Need to Know Now
Compensation: This is the money you receive on your paycheck. You can have fixed pay (your base salary) and variable pay (commission, bonuses, ...
Next, we will review the basic pay portion of your total compensation package. There are four key terms that will be reviewed… Page 10 of 21. Page 11 ...
Compass
A compass is a device that shows the cardinal directions used for navigation and geographic orientation. It commonly consists of a magnetized needle or other element, such as a compass card or compass rose, which can pivot to align itself with magnetic north.