Salary Terms every Compensation Manager Needs to Know
Salary Terms every Compensation Manager Needs to Know
6) TCC ... Why it matters: This is the combination of an employee's base (fixed) pay vs. any variable pay they might receive including incentive ...
Compensation Glossary of Terms - UNT System HR
Base pay can be paid on a monthly or semi-monthly basis. Benchmark jobs: A job that has a standard and generally consistent set of responsibilities from one ...
Compensation: a glossary of terms - The ILR School
Hourly pay: The rate at which an employee is compensated for each hour of work. · Salary: an agreed-upon amount of annual compensation, is usually reserved for a ...
Key Terms for Compensation - Lattice Help Center
Variable pay: Cash compensation that is earned upon the completion of a specific task and/or meeting a goal or quota. · Base pay: The fixed rate of compensation ...
Compensation and benefits 101: a glossary of terms - Ravio
The overall value a company offers an employee for their work, including salary as well as any variable compensation (bonuses, incentives etc) ...
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 ...
The total cash and non-cash payments given to an employee in exchange for services performedand includes base pay, commissions, bonuses, benefits, stock options ...
Glossary of Compensation Terms
An hourly, weekly, or monthly addition to base pay for employees who have qualified in a second language and are assigned to jobs that ...
Benchmark jobs have well-known and stable contents. C. Compa Ratio—The ratio between current pay to the salary range midpoint assigned to the job. A ...
Glossary of Compensation Terms - University of Colorado Boulder
Compa-Ratio: Compa-ratio is a comparison of employee pay to the salary grade midpoint and is calculated as Pay Rate / Grade Midpoint. Compensable Factors: ...
Compensation and Benefits: The Complete Guide - AIHR
Benefits are often also considered part of the total compensation package. Every new hire should receive a clear report of their compensation package and know ...
Glossary of Terms :: Human Resources | The University of New Mexico
... pay and the midpoint of the salary range assigned to the job. ... pay, overtime pay, annual/sick leave, and all benefits. ... has a greater level of ...
Employee Compensation 101: A Guide for Managers - Figures HR
Key compensation concepts · Total rewards/total compensation · Job levelling · Market positioning · Salary bands.
Compensation Glossary | Ohio University
A pay range to which jobs are assigned based on the Job Role, Impact & Complexity and Requirements, and the market value of benchmark jobs. Pay ranges have been ...
Types of Compensation: Everything HR Needs to Know - AIHR
This compensation can be in the form of a salary, wage, benefits, bonuses, paid leave, pension funds, and stock options, and more. Compensation is also ...
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, ...
Glossary of Terms - Human Resources
Compa Ratio: Comparative Ratio measures the relationship between the salary of an employee and the midpoint or average of the pay range for that employee's job.
Compensation and Benefits Manager | Career & Salary Outlook
Individuals planning for a career in compensation and benefits management should know the options are as varied as the potential employers ...
Reasons for salary adjustments may include external pressure in high demand areas, internal salary compression, gender, or ethnic equity adjustments (if any), ...
What Is a Salary Range and How Do Employers Use It? | Indeed.com
As you determine your salary range, you should research and consider various elements before giving a hiring manager any figures. Factors that ...