Eprecus ERP is a cloud-based ERP software solution and unified business platform that helps organizations run finance, human resources, payroll, inventory, commerce, and reporting from one enterprise resource planning system.

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The HR Dictionary

Search structured definitions, practical explanations, and related business terms for HR, payroll, accounting, finance, and operational control.

Search the Eprecus ERP The HR Dictionary

The Eprecus ERP dictionary is built for finance teams, HR managers, payroll administrators, operations leads, and business owners who need clear definitions they can apply inside real workflows. Use this glossary to understand payroll terminology, accounting definitions, HR metrics, and enterprise software concepts without vague textbook language.

Each entry is written to support practical ERP work, including reporting, approvals, payroll review, compliance conversations, reconciliation, workforce planning, and process design. If you need deeper examples, continue into the Eprecus ERP blog or review the platform overview.

Visible terms 32
Indexed terms 1,922
Dictionary types 2
Showing 32 result(s) for "compensation".
Current view Filtered by search term 'compensation'
Letters available 15
Top A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

A

Annualized Salary

Annualized salary is the estimated yearly pay amount calculated from a wage rate or partial-year compensation arrangement.

The HR Dictionary • hr, workforce, payroll

B

Back Pay

Back pay is compensation owed to an employee for wages or salary that should have been paid earlier but were not.

The HR Dictionary • hr, workforce, payroll

Basic Salary

Basic salary is the fixed core compensation paid to an employee before bonuses, allowances, deductions, or overtime are applied.

The HR Dictionary • hr, workforce, payroll

C

Compensation Benchmarking

Compensation benchmarking compares internal pay levels against market salary data for similar roles.

The HR Dictionary • salary bands, compensation, market pay

Compensation (Jamaica Public Service)

Compensation (Jamaica Public Service) is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Compensation Authority

Compensation Authority is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Compensation Allowances

Compensation Allowances is a public-service allowance, benefit, or expense-related payment recognized under the Jamaica Staff Orders and paid only in the circumstances approved by government policy.

The HR Dictionary • hr, jamaica, public-service

Compensation Increments

Compensation Increments is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Compensation

Compensation is the total value an employee receives for work, including wages, salary, bonuses, incentives, and benefits.

The HR Dictionary • hr, workforce

Competency-Based Pay

Competency-based pay is a compensation approach that rewards employees based on demonstrated skills, capabilities, or behaviors rather than only job title or tenure.

The HR Dictionary • hr, workforce, payroll

D

Deferred Compensation

Deferred compensation is pay that an employee earns now but receives at a later date, often through a retirement or executive compensation plan.

The HR Dictionary • hr, workforce

E

Employee Database

An employee database is a centralized system that stores employee records such as job details, contact information, compensation, and employment history.

The HR Dictionary • hr, workforce

F

Fringe Benefits

Fringe benefits are additional non-salary perks or services provided to employees as part of total compensation.

The HR Dictionary • hr, workforce, benefits

Front Pay

Front pay is monetary compensation awarded instead of reinstatement for future earnings an employee is expected to lose.

The HR Dictionary • hr, workforce, payroll

G

Gross Pay

Gross pay is the total earnings an employee earns before deductions, taxes, or benefits are applied.

The HR Dictionary • payroll, payslips, compensation

H

Honorarium

Honorarium is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Holiday Pay

Holiday pay is compensation provided for a public holiday, whether for time not worked, time worked, or both, according to policy or law.

The HR Dictionary • hr, workforce, payroll

Hourly to Salary

Hourly to salary is the conversion of hourly compensation into a fixed salary equivalent based on expected work time.

The HR Dictionary • hr, workforce, payroll

I

Indirect Compensation

Indirect compensation is the non-cash part of compensation, such as benefits, employer-paid insurance, or retirement contributions.

The HR Dictionary • hr, workforce

J

Job Dissatisfaction

Job dissatisfaction is an employee's negative perception of their work, conditions, leadership, compensation, or growth opportunities.

The HR Dictionary • hr, workforce

L

Lengthened Salary Scale

Lengthened Salary Scale is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

P

Public Service Salary

Public Service Salary is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

S

Salary Scale / Scalar Salary

Salary Scale / Scalar Salary is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Salary Payable on Promotion

Salary Payable on Promotion is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Salary on Promotion

Salary on Promotion is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Shortened Salary Scale

Shortened Salary Scale is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Salary Upgrading

Salary Upgrading is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

Salary Increments

Salary Increments is a compensation and payroll concept used to determine how public officers are paid, graded, or rewarded in the Jamaica public service.

The HR Dictionary • hr, jamaica, public-service

W

Wage to Salary

Wage to salary is the conversion of hourly or wage-based compensation into a salary equivalent.

The HR Dictionary • hr, workforce, payroll

Worker

A worker is a general term for a person who performs labor or services for compensation, whether as an employee or under another legal classification.

The HR Dictionary • hr, workforce

Workers Compensation

Workers' compensation is an insurance or statutory system that provides benefits for work-related injury or illness.

The HR Dictionary • hr, workforce

#

457(b)

A 457(b) plan is a deferred compensation retirement plan available mainly to state and local government employees and some nonprofit employees.

The HR Dictionary • hr, workforce, benefits