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

Years of Experience

The total number of years an employee (at one company or at multiple companies) has spent acquiring skills in a particular field of knowledge. Presumably this experience has resulted in superior understanding or mastery of the subject. This is important in regard to salaries tied to expertise.
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Year's Maximum Pensionable Earnings (YMPE)

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YRT (Yearly Renewable Term Insurance)

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