Business
Compensation & Billing
How recruiters price their services and how workers are paid — bill rates, pay rates, markup, gross margin, and contractor billing structures.
60 terms
Accelerated Vesting
Compensation & BillingAccelerated Vesting is a term used in the recruitment and staffing industry.
Agency Fee
Compensation & BillingAgency Fee is a term used in the recruitment and staffing industry.
Base Salary
Compensation & BillingBase salary is the fixed annual or hourly compensation an employee receives, before bonuses, commissions, benefits, or…
Benefits Package
Compensation & BillingBenefits Package is a term used in the recruitment and staffing industry.
Benefits-in-Kind
Compensation & BillingBenefits-in-Kind is a term used in the recruitment and staffing industry.
Bill Rate
Compensation & BillingA bill rate is the hourly or daily rate that a staffing agency charges a client for a contractor's services. The bill…
Blended Rate
Compensation & BillingA blended rate is a single averaged bill rate that covers a mix of workers at different individual rates — used in…
Burden Cost
Compensation & BillingBurden Cost is a term used in the recruitment and staffing industry.
Burden Rate
Compensation & BillingBurden rate is the total cost of employing a worker beyond their base pay — including employer payroll taxes, health…
Clawback
Compensation & BillingClawback is a term used in the recruitment and staffing industry.
Cliff Vesting
Compensation & BillingCliff Vesting is a term used in the recruitment and staffing industry.
Commission
Compensation & BillingCommission is a variable pay component earned when a recruiter or sales person achieves a defined outcome — a permanent…
Compa-Ratio
Compensation & BillingCompa-ratio (comparative ratio) measures where an employee's salary sits relative to the midpoint of their pay band —…
Compensation Bands
Compensation & BillingCompensation bands (also called pay bands or salary bands) are defined salary ranges for a job level or role — with a…
Contingency Fee
Compensation & BillingContingency Fee is a term used in the recruitment and staffing industry.
Conversion Fee
Compensation & BillingConversion Fee is a term used in the recruitment and staffing industry.
Cost-Plus Pricing
Compensation & BillingCost-plus pricing in staffing is a billing model where the client pays the worker's actual employment cost — pay rate…
DUPLICATE (EMPTY) - Salary Benchmarking
Compensation & BillingDUPLICATE (EMPTY) - Salary Benchmarking is a term used in the recruitment and staffing industry.
Draw Against Commission
Compensation & BillingDraw Against Commission is a term used in the recruitment and staffing industry.
ESOP
Compensation & BillingESOP is a term used in the recruitment and staffing industry.
Equity Compensation
Compensation & BillingEquity Compensation is a term used in the recruitment and staffing industry.
Expense Reimbursement
Compensation & BillingExpense Reimbursement is a term used in the recruitment and staffing industry.
Fringe Benefits
Compensation & BillingFringe Benefits is a term used in the recruitment and staffing industry.
Graded Vesting
Compensation & BillingGraded Vesting is a term used in the recruitment and staffing industry.
Gross Margin
Compensation & BillingGross margin in staffing is the difference between the bill rate charged to a client and the total cost of employing…
Gross Profit
Compensation & BillingGross Profit is a term used in the recruitment and staffing industry.
Hit Rate
Compensation & BillingHit Rate is a term used in the recruitment and staffing industry.
Invoice
Compensation & BillingInvoice is a term used in the recruitment and staffing industry.
Invoice Factoring
Compensation & BillingInvoice Factoring is a term used in the recruitment and staffing industry.
LTIP
Compensation & BillingLTIP is a term used in the recruitment and staffing industry.
Loaded Rate
Compensation & BillingLoaded Rate is a term used in the recruitment and staffing industry.
Markup
Compensation & BillingMarkup in staffing is the percentage added to a contractor's pay rate to calculate the bill rate charged to the client.…
On-Target Earnings(OTE)
Compensation & BillingOn-target earnings (OTE) is the total compensation a salesperson or recruiter earns when they hit 100% of their quota —…
Pay Equity
Compensation & BillingPay equity is the principle that employees performing equal work of equal value should receive equal compensation…
Pay Rate
Compensation & BillingA pay rate is the hourly or daily rate a contractor or temporary worker receives from the staffing agency for their…
Pay Transparency
Compensation & BillingPay Transparency is a term used in the recruitment and staffing industry.
Per Diem
Compensation & BillingPer Diem is a term used in the recruitment and staffing industry.
Performance Bonus
Compensation & BillingPerformance Bonus is a term used in the recruitment and staffing industry.
Placement Rate
Compensation & BillingPlacement Rate is a term used in the recruitment and staffing industry.
Rate Card
Compensation & BillingA rate card is a pre-negotiated schedule of bill rates for defined job categories, skill levels, and locations used in…
Rebate Policy
Compensation & BillingRebate Policy is a term used in the recruitment and staffing industry.
Restricted Stock Unit
Compensation & BillingRestricted Stock Unit is a term used in the recruitment and staffing industry.
Retainer Fee
Compensation & BillingRetainer Fee is a term used in the recruitment and staffing industry.
Retention Bonus
Compensation & BillingRetention Bonus is a term used in the recruitment and staffing industry.
Revenue Per Placement
Compensation & BillingRevenue Per Placement is a term used in the recruitment and staffing industry.
Rogue Spend
Compensation & BillingRogue Spend is a term used in the recruitment and staffing industry.
Salary Band
Compensation & BillingSalary Band is a term used in the recruitment and staffing industry.
Signing Bonus
Compensation & BillingA signing bonus is a one-time payment made to a new employee at the start of employment, typically used to attract…
Split Fee
Compensation & BillingSplit Fee is a term used in the recruitment and staffing industry.
Spread
Compensation & BillingSpread in staffing is the dollar difference between the bill rate charged to a client and the pay rate received by the…
Stipend
Compensation & BillingStipend is a term used in the recruitment and staffing industry.
Stock Options
Compensation & BillingStock Options is a term used in the recruitment and staffing industry.
Strike Price
Compensation & BillingStrike Price is a term used in the recruitment and staffing industry.
Submittal-to-Hire Ratio
Compensation & BillingSubmittal-to-Hire Ratio is a term used in the recruitment and staffing industry.
Timesheet
Compensation & BillingTimesheet is a term used in the recruitment and staffing industry.
Total Compensation
Compensation & BillingTotal compensation is the full monetary value of everything an employee receives in exchange for their work — including…
Total Compensation Statement
Compensation & BillingTotal Compensation Statement is a term used in the recruitment and staffing industry.
Total Rewards
Compensation & BillingTotal Rewards is a term used in the recruitment and staffing industry.
Variable Pay
Compensation & BillingVariable pay is any compensation element that fluctuates based on individual, team, or company performance — including…
Vesting
Compensation & BillingVesting is a term used in the recruitment and staffing industry.