Glossary
Employee Assistance Programs
(EAPs) are employer-sponsored services to help employees with personal problems that affect job performance (stress, substance abuse, family problems, etc.).
Employee Benefits
are part of an employee’s total compensation package, other than pay for time worked, provided in whole or in part by employer payments (includes life insurance, vacation, worker’s compensation, pension, paid time off, etc.).
Error of Central Tendency
is when all employees are rated as “average” with no really high or low performers.
External Competitiveness
is the comparing of compensation rates of one organization to those of its competitors.
External Equity
is the fairness in relation to the total compensation in other competing organizations or in the relevant labour market.
Extrinsic Rewards
are rewards that an employee receives because of the job itself, including cash compensation, benefits, promotions and job security.