Glossary


A | B | C | D | E | F | G | H | L | P | R | S | T | U

A

annual salary
Salary amount that's converted to the annual periodicity using this calculation: Salary Amount * Annualization Factor
annualization factor
Multiplication factor used to convert base salary to an annualized amount
annualized full-time salary
Worker's salary expressed as a full-time annual amount

B

band
A specified range of values. Example: An age band defines a range of ages, such as 25 to 30, used to determine a person's eligibility.
benefits offering
Any of an organization's nonsalary components of employee benefits packages, such as health, savings, life insurance, recreation, goods, or services.

C

contribution column
Table columns that display compensation items representing the worker's or company's contribution amounts in a total compensation statement or compensation category.

D

database item
An item of information with special programming attached, which formulas and HCM extracts use to locate and retrieve the data.
derived factor
Calculated eligibility criterion that changes over time, such as age or length of service.
differential profile
The multiplier that calculations use to automatically adjust a person's salary metrics. Or an alternate grade rate to use instead of the grade rate associated with the salary basis. These profiles can be configured according to location, business unit, location and business unit, compensation zone, or compensation zone and business unit.
dynamic calculation
Conditional statement used to calculate and display values that vary by person or to change the value of one column according to the value in another column

E

element
Component in the calculation of a person's pay. An element may represent a compensation or benefit type, such as salary, wages, stock purchase plans, pension contributions, and medical insurance.
element classification
Provides various element controls, such as the processing order, balances feeds, costing, and taxation. Primary element classifications and some secondary classifications are already defined. You can create other secondary classifications.
eligibility profile
A user-defined set of criteria used to determine whether a person qualifies for a benefits offering, variable rate or coverage, compensation plan, checklist task, or other object for which eligibility must be established.

F

fast formula
A simple way to write formulas using English words and basic mathematical functions. Formulas are generic expressions of calculations or comparisons that repeat with different input values.
FTE
Abbreviation for full-time equivalent, such as .5 for half-time work.

G

grade
A component of the employment model that defines the level of compensation for a worker.
grade ladder
A hierarchy used to group grades and define their sequence.
grade rate
Used to define pay values for grades in a legislative data group.

H

HR
Abbreviation for human resource.

L

legislative data group
A means of partitioning payroll and related data. At least one legislative data group is required for each country where the enterprise operates. Each legislative data group is associated with one or more payroll statutory units.
lookup code
An option available within a lookup type, such as the lookup code BLUE within the lookup type COLORS.
lookup type
The label for a static list that has lookup codes as its values.

P

payroll relationship
Defines an association between a person and a payroll statutory unit based on payroll calculation and reporting requirements.
personal payment method
Method of payment to a person for a particular payroll. When an administrator assigns a person to a new payroll, payments are made using the default organization payment method for the new payroll until a personal payment method exists.
progression grade ladder
A hierarchy used to group grades and define their sequence. It includes the associated rates and progression rules for each grade and step within the ladder.
progression rule
A set of criteria used to determine whether a worker is eligible to advance to a specific grade or step within a progression grade ladder.

R

rating model
A scale used to measure the performance and proficiency of workers.

S

salary basis
Defines validation and payroll details for worker base pay. It identifies the currency and period of the quoted base pay and the factor used to annualize base pay. It optionally identifies components or rates used to itemize salary adjustments and the grade rate used to validate salary.

T

total compensation statement
A statement that communicates compensation, rewards, and benefits to workers. The statement can include traditional compensation and compensation often overlooked by workers.

U

user-defined criteria
Factors used to determine eligibility for objects such as benefits offerings and rates.