Comp 101
This is the comp term that describes how we pay employees- it's also the comp we use in the salary bands
Base Salary
This is the name of the system we will use to pull the "new" comp review report
Payfactors or Payscale
Instead of placing employees at 50% of the band, what should we do
Review internal equity, and other salary setting essentials
This is the "new" name for the COLA process
Year-End Adjustment or "YEA"
This place is used to determine where the EE is aligned to the band salary
Country or Location
This is the storage location where we save our documents
BOX folder
Country XYZ doesn't use new bands, now what?
The salary bands contain these two classifications
National (local) or International Bands
This metric highlights where employees fall within the salary range
% of the band or % in the range
This tool will calculate increase types, provide local currency amounts and contains the salary bands for HR use
CHAI Salary & Band Tool- Country Adjustment tab
"Just pay the person in USD vs the local currency"
A.Salary data should be quoted in the country currency vs USD
B.The % in range should be used to quote salary info between locations
This is the slang term used for money/comp
Guap
This describes the employee's citizenship type to align with the salary bands
Classification
This tool allows you to run compensation by multiple scenarios, locations and returns the data for several locations at once
Comp Scenario Tool
A managers asks you to provide the net salary amount for an employee
We do not use “net salary” in comp discussions. The base salary is used in compensation calculations. The base salary amount will be less any applicable taxes or withholdings.
Name the document that contains the compensation "rules"
Salary Guidance & Training Document
Name the 4 ways to review comp in the "Salary Adjustment Tool"
% of Increase / New Salary Calc
% in the Range / Salary Increase amount (entered)