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average+pay

  • 1 control point

    "The reference point in a compensation range that represents the intended average pay for all employees at that compensation level. For grade structures, control points are typically, but not always, the range midpoint. Broad band structures can use control points but rarely do."

    English-Arabic terms dictionary > control point

  • 2 midpoint

    The reference point that is midway between a range minimum and maximum in a graded compensation plan. It represents the intended average pay for all employees at a certain compensation level.

    English-Arabic terms dictionary > midpoint

  • 3 compa-ratio

    "The ratio of fixed pay rate to the grade midpoint (or control point) in graded compensation plans. The ratio is used as a measure of how well an employee is paid relative to the grade structure. The ratio is calculated by dividing the fixed pay rate by the midpoint; for example, an employee with a compa-ratio of less than 1.0 is paid less than the range midpoint. Compensation plans are typically designed so that the average fixed pay rate of all employees at a given grade equals the midpoint of the range."

    English-Arabic terms dictionary > compa-ratio

См. также в других словарях:

  • average pay — UK US noun [U] ECONOMICS, HR ► AVERAGE SALARY(Cf. ↑average salary) …   Financial and business terms

  • average salary — UK US noun [C] (plural average salaries) (also average wage [C], also average pay [U]) ECONOMICS, HR ► the average amount of money earned by workers in a particular industry, economy, area, etc. during a particular period of time: »The annual… …   Financial and business terms

  • pay rise — ➔ rise2 * * * pay rise UK US noun [C] UK (US pay raise) ► HR, WORKPLACE an increase in the amount of money you earn for doing your job: »annual/average pay rises of over 3% »a big/huge/substantial pay rise ask for/demand/seek a pay ris …   Financial and business terms

  • pay settlement — ➔ settlement * * * pay settlement UK US noun [C] ► HR an official agreement on pay made between a company, etc. and its employees or a trade union that represents them: »Unions have called for the executive to oversee an end to the dispute by… …   Financial and business terms

  • pay gap — UK US noun [C, usually singular] (also wage gap, wage differential) HR, WORKPLACE ► the difference between the average pay of two different groups of people, for example men and women: »the gender pay gap pay gap between sb (and sb) »With wages… …   Financial and business terms

  • Pay for performance (healthcare) — Pay for performance is an emerging movement in health insurance (initially in Britain and United States). Providers under this arrangement are rewarded for meeting pre established targets for delivery of healthcare services. This is a fundamental …   Wikipedia

  • average out (at something) — ˌaverage ˈout (at sth) derived to result in an average amount over a period of time or when several things are considered • The cost should average out at about £6 per person. • Sometimes I pay, sometimes he pays it seems to average out (= result …   Useful english dictionary

  • average clause — ➔ clause * * * average clause UK US noun [C] INSURANCE ► a part of an insurance policy that states that if the insurance value of a property at the time of loss or damage is less than its real value, payment by the insurance company will be… …   Financial and business terms

  • Average worker's wage — An average worker s wage is the mean salary of a group of workers. This measure is often monitored and used by Government or other organisations as a benchmark for the wage level of individual workers in an industry, area or country.The… …   Wikipedia

  • Average Rate Option - ARO — An option used to hedge against fluctuations in exchange rates by averaging the spot rates over the life of the option and comparing that to the strike price of the option. Average rate options are typically purchased for daily, weekly or monthly …   Investment dictionary

  • pay — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ hourly, monthly, weekly ▪ full, half (both esp. BrE) ▪ He has taken leave on half pay. ▪ …   Collocations dictionary

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