The rate paid by the hour, week, month, or year to an individual for the job performed. This does not include shift differentials, overtime, incentives, benefits, or any other pay element other than b [..]

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Essentially, it's a combination of your pay, vacation, bonus [..]

A compensation philosophy spells out the company’s intentions, identifies the market for pay comparison, considers the strategic plan and mission and vision (drives business decisions), focuses on HR [..]

Pay differentials too small to be considered equitable. In some organizations, the term may apply to differences between: Pay of supervisor and subordinates; Pay of experienced and newly hired employe [..]

An amendment to the Fair Labor Standards Act of 1938 prohibiting gender-related pay differentials on jobs that are substantially equal in skill, effort, responsibility, and working conditions unless t [..]

The quality of being fair and impartial. External Equity

A federal law governing minimum wage, overtime pay, equal pay for men and women in the same types of jobs, child labor and record-keeping requirements. Contained within this law are the categories of [..]

A job that encompasses multi-functional responsibility for a combination of different areas that are all important and necessary for the role (e.g., incumbent wears multiple hats) and typically repres [..]

An activity, often regular and often performed in exchange for payment of some kind.  A series of jobs an individual holds in their life is considered to be their career.

The assignment of a job to a hierarchical structure and salary grade based on job evaluation of job content and the going rate for comparable jobs in the external labor market. Job Description