Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Average Frequency (of Salary Increases)

Normally calculated on a department-wide or company-wide basis. It is determined by summing up the months between increases granted for the employee groups and dividing by the number of increases and employees.

Previous

Automobile Benefits

Next

Average Hourly Earnings

POPULAR BLOGS

POPULAR BLOGS

How to Design and Calculate a Step Rate Pay Program

Read More

Geographic Pay Differentials: A Guide for Employers

Read More

United States and Canada Minimum Wage Updates - August 2026

Read More

View All Blogs

Explore Compensation Solutions

Pay Equity

Salary Survey Management

Shift Differentials

View All Solutions

WHITE PAPERS

Top Performing White Papers

National Compensation Forecast July 2026

Read More

Global Minimum Wage Trends – July 2026

Read More

Planning Global Compensation Budgets for 2027

Read More

View All White Papers

Popular Searches

Retired Lives Reserve Pay Policy Line Geographic Salary Differentials Balance Sheet Approach Personal Producing General Agency (PPGA) Dues and Membership Fees Cost of Living Allowance (COLA) Pay Range Overlap Total Annual Cash Compensation Proxy Statement

Featured White Paper

Common Compensation Terms and Formulas - January 2026

Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
Salary structure formulas and strategies

Download Now