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Compa-ratio Created Sep 18, 2024 (06:09) by Bruno lorenzo Spinelli | In glossary [EN]-Glossary | In space Home

Definition

Compa-ratio (CR) is the comparison, expressed in percentage, of Annual Base Salary (ABS) and Short-Term Incentive (STI) Target Amount (both together Total Cash Target)) to the Salary Range Midpoint.

Words Linked: Annual Base Salary (ABS); Short-Term Incentive (STI); Total Cash Target (TCT)

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Mandatory Increase Created Sep 18, 2024 (06:09) by Bruno lorenzo Spinelli | In glossary [EN]-Glossary | In space Home

Definition

Increase of Annual Base salary as required by law or other regulations (e.g. bargaining agreements) that applies to a particular group of employees regardless of individual or collective performance.

Synonym(s)

Indexation

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Off-cycle salary increase Created Sep 18, 2024 (06:09) by Bruno lorenzo Spinelli | In glossary [EN]-Glossary | In space Home

Definition

Same as "Market Pay Adjustment".

Words Linked: Market Pay Adjustment

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Salary review Created Sep 18, 2024 (06:09) by Bruno lorenzo Spinelli | In glossary [EN]-Glossary | In space Home

Definition

Salaries are reviewed yearly as part of the annual compensation planning campaign, which usually takes place in March/April. The employee performance, the compa-ratio of the current base salary and the allocated country merit budget are drivers of this review and can result in a merit increase.

Synonym(s)

Annual salary review , merit , merit increase

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Total Cash Created Sep 18, 2024 (06:09) by Bruno lorenzo Spinelli | In glossary [EN]-Glossary | In space Home

Definition

Total Cash (at Target) is a sum of the Annual Base Salary (ABS) and the Short Term Incentive (STI) Target amount.

Words Linked: Annual Base Salary (ABS); Short Term Incentive (STI)

Synonym(s)

Total Cash at Target

Abbreviation(s)

TCT