Pay Element Overview

Compa partners closely with every Index customer to configure their offer data and appropriately structure compensation details. This important onboarding step ensures Compa accurately represents data by value, timing, and type, and makes it possible to compare pay data apples-to-apples.

Compa Index collects a standard set of pay elements, which are defined below. Click on each pay element for more details, or to see localization requirements by country.

Pay Element Also Known As Time Period Definition
Base Salary Annual salary, base pay, base Annual Initial salary offered to a candidate, not including benefits, bonuses, or other guaranteed compensation.
Ongoing Bonus Annual bonus, target bonus, cash incentive, short-term incentive

Annual

Expressed as a percentage of base salary or as a target cash amount

Representative of the organization's corporate bonus program where employees are eligible for an ongoing bonus, based on achievement of corporate and/or individual goals.
Sign-on Bonus New hire bonus, starting bonus, hiring bonus, signing bonus

One-time

Expressed as a cash amount

Used to attract employees with hard-to-find skills or as a way to make an employee "whole" if they are leaving money on the table from their previous employer.
Other One-Time Bonuses Relocation, milestone, spot, patent, referral, project, etc.

One-time

Expressed as a cash amount

Any one-time variable payment an organization might offer a candidate that is not covered by other defined pay elements.

Target Total Cash

(calculated)

Target Total Cash Compensation, TTC

Annual

Expressed as a cash amount

Sum of annual base and any target incentives (ongoing bonus, OTI); does not include one-time bonuses
New Hire Grant Stock compensation, equity compensation, stock-based compensation, share-based compensation, options, RSUs, equity, cash LTI

One-time

Expressed as the value communicated at time of offer.

Stock grant provided in the offer letter, typically communicated in $ value and delivered in RSUs, Options, or in rare cases, cash. New hire grant only, excludes future grants.

Total Direct Compensation

(calculated)

Total Direct Comp, TDC

Annual

Expressed as a cash amount

The sum of annual base salary, annual incentives (OTI, ongoing bonus) and stock (new hire grant). Does not include one-time bonuses or refresh grants.

Total Offer

(calculated)

Total offer

Annual

Expressed as a cash amount

Sum of annual base, annual ongoing bonus (includes OTI), total one-time bonuses (includes sign-on, one-time, relocation), and total new hire grant value.

 


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