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equivalent+compensation

  • 1 pay grade

    "A compensation level structure that defines discrete ranges of pay per level, and are generally defined by hierarchical levels of authority within a company. Jobs are typically evaluated by a point system that places them at a grade relative to others within the company. Pay rates for a grade are typically determined by using equivalent groups of jobs in the marketplace as benchmarks. Graded structures are narrower than bands, and are typically discrete (for example, pay ranges do not overlap). Grade pay ranges have a fixed minimum, midpoint (or control point), and maximum reference points. Compa-ratios and range utilization are measures used to analyze an employee’s pay relative to their range. Companies can set additional reference points for a grade, such as 25th and 75th percentile, and base variable compensation on one of those points."

    English-Arabic terms dictionary > pay grade

См. также в других словарях:

  • Compensation — • Denotes the price paid for human exertion or labour Catholic Encyclopedia. Kevin Knight. 2006. Compensation     Compensation     † …   Catholic encyclopedia

  • compensation — com·pen·sa·tion /ˌkäm pən sā shən/ n 1: the act of compensating 2 in the civil law of Louisiana: the ending of mutual obligations between two people for money or quantities of fungible things usu. by operation of law but sometimes by an agreement …   Law dictionary

  • Compensation — Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of …   The Collaborative International Dictionary of English

  • Compensation balance — Compensation Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or …   The Collaborative International Dictionary of English

  • Compensation pendulum — Compensation Com pen*sa tion, n. [L. compensatio a weighing, a balancing of accounts.] 1. The act or principle of compensating. Emerson. [1913 Webster] 2. That which constitutes, or is regarded as, an equivalent; that which makes good the lack or …   The Collaborative International Dictionary of English

  • Compensation, Occult — • An extra legal manner of recovering from loss or damage; the taking, by stealth and on one s private authority, of the value or equivalent of one s goods from a person who refuses to meet the demands of justice Catholic Encyclopedia. Kevin… …   Catholic encyclopedia

  • compensation — [käm΄pən sā′shən] n. [ME compensacioun < L compensatio] 1. a compensating or being compensated 2. a) anything given as an equivalent, or to make amends for a loss, damage, unemployment, etc.; recompense b) payment for services; esp., wages or… …   English World dictionary

  • equivalent given for injury — index compensation Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • equivalent given for loss sustained — index compensation Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • compensation — Indemnification; payment of damages; making amends; making whole; giving an equivalent or substitute of equal value. That which is necessary to restore an injured party to his former position. Remuneration for services rendered, whether in salary …   Black's law dictionary

  • compensation — Indemnification; payment of damages; making amends; making whole; giving an equivalent or substitute of equal value. That which is necessary to restore an injured party to his former position. Remuneration for services rendered, whether in salary …   Black's law dictionary

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