Compensation Glossary

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World Wide Web Consortium (W3C)

This is the main body that promotes standards for the World Wide Web. W3C is hosted jointly by the Massachusetts Institute of Technology (MIT) Laboratory for Computer Science in the US and by INRIA in Europe.

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Cost of Labor Headquarters Country Hiring Rate Personal Producing General Agency (PPGA) System Level of Work Merit Budget Relation of Earnings to Insurance Clause Current Assumption Whole Life Insurance Certificate of Assumption Non-Duplication of Benefits

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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

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