Compensation Dictionary

In an effort to provide our readers with valuable resources, we have put together this dictionary of key compensation terms that will be helpful to anyone in the compensation field. Here you will find all the terms you need to know to have a good grasp on the language of compensation.

The Compensation Dictionary is also available as a PDF.

There are currently 3 Compensation Terms in this directory beginning with the letter N.
NET PROFITS INTEREST
The proportion of net profits paid out to particular investors or employees according to their percentage stake in the company.

NON-EXEMPT EMPLOYEE
An employee that is not exempt from the Fair Labor Standards Act (FLSA) requirements and is entitled to receive overtime pay of at least one-and-a-half times their hourly rate when for any hours worked beyond 40 in a given week.

NON-QUALIFIED DEFERRED COMPENSATION
A type of deferred compensation also called an NQDC plan or a 409A plan that is not protected by the Employee Retirement Income Security Act (ERISA) and could, therefore, put the funds at risk if the company holding the employee’s NQDC declares bankruptcy or is sued.


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