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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 & Billing

Accelerated Vesting is a term used in the recruitment and staffing industry.

Agency Fee

Compensation & Billing

Agency Fee is a term used in the recruitment and staffing industry.

Base Salary

Compensation & Billing

Base salary is the fixed annual or hourly compensation an employee receives, before bonuses, commissions, benefits, or…

Benefits Package

Compensation & Billing

Benefits Package is a term used in the recruitment and staffing industry.

Benefits-in-Kind

Compensation & Billing

Benefits-in-Kind is a term used in the recruitment and staffing industry.

Bill Rate

Compensation & Billing

A 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 & Billing

A blended rate is a single averaged bill rate that covers a mix of workers at different individual rates — used in…

Burden Cost

Compensation & Billing

Burden Cost is a term used in the recruitment and staffing industry.

Burden Rate

Compensation & Billing

Burden rate is the total cost of employing a worker beyond their base pay — including employer payroll taxes, health…

Clawback

Compensation & Billing

Clawback is a term used in the recruitment and staffing industry.

Cliff Vesting

Compensation & Billing

Cliff Vesting is a term used in the recruitment and staffing industry.

Commission

Compensation & Billing

Commission is a variable pay component earned when a recruiter or sales person achieves a defined outcome — a permanent…

Compa-Ratio

Compensation & Billing

Compa-ratio (comparative ratio) measures where an employee's salary sits relative to the midpoint of their pay band —…

Compensation Bands

Compensation & Billing

Compensation bands (also called pay bands or salary bands) are defined salary ranges for a job level or role — with a…

Contingency Fee

Compensation & Billing

Contingency Fee is a term used in the recruitment and staffing industry.

Conversion Fee

Compensation & Billing

Conversion Fee is a term used in the recruitment and staffing industry.

Cost-Plus Pricing

Compensation & Billing

Cost-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 & Billing

DUPLICATE (EMPTY) - Salary Benchmarking is a term used in the recruitment and staffing industry.

Draw Against Commission

Compensation & Billing

Draw Against Commission is a term used in the recruitment and staffing industry.

ESOP

Compensation & Billing

ESOP is a term used in the recruitment and staffing industry.

Equity Compensation

Compensation & Billing

Equity Compensation is a term used in the recruitment and staffing industry.

Expense Reimbursement

Compensation & Billing

Expense Reimbursement is a term used in the recruitment and staffing industry.

Fringe Benefits

Compensation & Billing

Fringe Benefits is a term used in the recruitment and staffing industry.

Graded Vesting

Compensation & Billing

Graded Vesting is a term used in the recruitment and staffing industry.

Gross Margin

Compensation & Billing

Gross margin in staffing is the difference between the bill rate charged to a client and the total cost of employing…

Gross Profit

Compensation & Billing

Gross Profit is a term used in the recruitment and staffing industry.

Hit Rate

Compensation & Billing

Hit Rate is a term used in the recruitment and staffing industry.

Invoice

Compensation & Billing

Invoice is a term used in the recruitment and staffing industry.

Invoice Factoring

Compensation & Billing

Invoice Factoring is a term used in the recruitment and staffing industry.

LTIP

Compensation & Billing

LTIP is a term used in the recruitment and staffing industry.

Loaded Rate

Compensation & Billing

Loaded Rate is a term used in the recruitment and staffing industry.

Markup

Compensation & Billing

Markup 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 & Billing

On-target earnings (OTE) is the total compensation a salesperson or recruiter earns when they hit 100% of their quota —…

Pay Equity

Compensation & Billing

Pay equity is the principle that employees performing equal work of equal value should receive equal compensation…

Pay Rate

Compensation & Billing

A pay rate is the hourly or daily rate a contractor or temporary worker receives from the staffing agency for their…

Pay Transparency

Compensation & Billing

Pay Transparency is a term used in the recruitment and staffing industry.

Per Diem

Compensation & Billing

Per Diem is a term used in the recruitment and staffing industry.

Performance Bonus

Compensation & Billing

Performance Bonus is a term used in the recruitment and staffing industry.

Placement Rate

Compensation & Billing

Placement Rate is a term used in the recruitment and staffing industry.

Rate Card

Compensation & Billing

A rate card is a pre-negotiated schedule of bill rates for defined job categories, skill levels, and locations used in…

Rebate Policy

Compensation & Billing

Rebate Policy is a term used in the recruitment and staffing industry.

Restricted Stock Unit

Compensation & Billing

Restricted Stock Unit is a term used in the recruitment and staffing industry.

Retainer Fee

Compensation & Billing

Retainer Fee is a term used in the recruitment and staffing industry.

Retention Bonus

Compensation & Billing

Retention Bonus is a term used in the recruitment and staffing industry.

Revenue Per Placement

Compensation & Billing

Revenue Per Placement is a term used in the recruitment and staffing industry.

Rogue Spend

Compensation & Billing

Rogue Spend is a term used in the recruitment and staffing industry.

Salary Band

Compensation & Billing

Salary Band is a term used in the recruitment and staffing industry.

Signing Bonus

Compensation & Billing

A signing bonus is a one-time payment made to a new employee at the start of employment, typically used to attract…

Split Fee

Compensation & Billing

Split Fee is a term used in the recruitment and staffing industry.

Spread

Compensation & Billing

Spread in staffing is the dollar difference between the bill rate charged to a client and the pay rate received by the…

Stipend

Compensation & Billing

Stipend is a term used in the recruitment and staffing industry.

Stock Options

Compensation & Billing

Stock Options is a term used in the recruitment and staffing industry.

Strike Price

Compensation & Billing

Strike Price is a term used in the recruitment and staffing industry.

Submittal-to-Hire Ratio

Compensation & Billing

Submittal-to-Hire Ratio is a term used in the recruitment and staffing industry.

Timesheet

Compensation & Billing

Timesheet is a term used in the recruitment and staffing industry.

Total Compensation

Compensation & Billing

Total compensation is the full monetary value of everything an employee receives in exchange for their work — including…

Total Compensation Statement

Compensation & Billing

Total Compensation Statement is a term used in the recruitment and staffing industry.

Total Rewards

Compensation & Billing

Total Rewards is a term used in the recruitment and staffing industry.

Variable Pay

Compensation & Billing

Variable pay is any compensation element that fluctuates based on individual, team, or company performance — including…

Vesting

Compensation & Billing

Vesting is a term used in the recruitment and staffing industry.