Staff Salary Plan Glossary
- Term frequently used in compensation to refer to a job,
or group of jobs, used to make pay comparisons with comparable
jobs outside the organization.
- Any factor used to establish a job's value.
- A term to describe jobs or employees who work in an executive,
administrative or managerial capacity, and who are not subject
to the provisions of the of the Fair Labor Standards Act with
respect to minimum wage and overtime.
- A systematic procedure for gathering information about each
job; it identifies tasks, how tasks are accomplished, the
objectives and demands of the job, the relationship among
- A summary of the key features of a job and of the credentials
required to perform the job. Save the
Job Description template (doc).
- A formal process, the outcome of which determines the relative
value of jobs within the organization. The end product of
job evaluation is the assignment of jobs to salary pay grades.
- Group of jobs which have related functional responsibilities
and are ranked in a hierarchy, from the least to most complex
with regards to skills, knowledge and responsibilities (see Job Family Descriptions on left of Salary Administration page).
- A process that determines salary ranges by surveying the
market place in which we compete for employees.
- The ceiling or highest salary paid to a job incumbent, which
is also the top of the salary range.
- Also known as the "market rate," which is the average rate
that is paid for similar positions in the market place. It
also represents the salary level for individuals who have
extensive experience and proficiency in the job.
- The lowest salary paid to a job incumbent, which is also
the bottom of the salary range.
- A term used to describe jobs or employees who are subject
to the provisions of the Fair Labor Standards Act with respect
to minimum wage and overtime.
- One of the levels into which jobs with the same or similar
value are grouped for pay purposes. All jobs in a salary grade
have the same salary range: Minimum, Midpoint, and Maximum (see Salary Administration).
Salary Increase Guidelines
- An annually published increase schedule (see Salary Administration) that establishes
the budget for merit increases.
- The term used to describe all compensation, salary, and
fringe benefits paid to an employee.