- Job Evaluation
- A systematic process for assessing the relative value of roles within an organization to establish an internally equitable pay structure.
- Pay Band
- A defined salary range — minimum, midpoint, and maximum — assigned to a job level or grade based on market data and internal equity analysis.
- Total Rewards
- The complete package of compensation, benefits, recognition, work-life programs, and career development an employer offers to attract and retain employees.
- FLSA Classification
- The determination under the US Fair Labor Standards Act of whether a position is exempt or non-exempt from overtime pay requirements based on duties and salary level.
- Benchmarking
- The process of comparing an organization's pay and benefits practices against external market data to assess competitiveness.
- Compa-Ratio
- An employee's actual salary divided by the midpoint of their pay band, used to measure where individual pay falls relative to the market median.
- ERISA
- The Employee Retirement Income Security Act — a US federal law that sets minimum standards for retirement and health benefit plans offered by private employers.
- Job Architecture
- The framework that organizes all roles into levels, families, and grades with consistent criteria, enabling fair pay and career-path decisions across an organization.
- Incentive Compensation
- Variable pay tied to individual, team, or company performance targets — including bonuses, commissions, and long-term incentive plans.
- Benefits Administration
- The day-to-day management of employee benefit programs — health, dental, vision, retirement, and leave — including vendor relationships, enrollment, and compliance reporting.
- Pay Equity Analysis
- A statistical review of compensation data to identify and remediate unexplained pay differences across gender, race, or other protected characteristics.