Definition of Geo-Based Comp

A company compensation strategy that adjusts employee salaries based on their geographical location, considering factors such as cost of living and market rates in their respective areas. This approach aims to ensure that employees are paid competitively and fairly, regardless of where they reside in the country or world.

Example: Our company implements a geo-based comp strategy to attract and retain top talent across our diverse global workforce.

Variations: geography-based compensation, geographic-based salary, geographic pay differential, located-based pay

Usage of "Geo-Based Comp" by Country

Business English is used in many different countries around the world. Some of the words and phrases listed on this site will be understood everywhere Business English is used, but some words and phrases are only used in specific countries. The map below shows where "Geo-Based Comp" is most commonly used.

Word Usage Map

Learn More About "Geo-Based Comp"

"Geo-Based Comp" is in the top 30% most popular words looked up on this site.

"Geo-Based Comp" is used in the workplace during meetings or emails.

The definition for "Geo-Based Comp" was last updated in 2023.

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Business English Quiz

Question: What does "Calendar Invite" mean?

   (A) When a person wants to meet with you next week.
   (B) An email sent to schedule a meeting with the option to either accept or decline the meeting at the scheduled time.
   (C) When a person has available time on their calendar to meet with you.
   (D) When a person does not have any time to meet with you.

Answer: Find out the right answer here.

About This Site

Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.

On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.

Word of the Day

Date: 04/22/2024

Word: Close It Out

Definition: To mark something as completed.

Example: This task has been fixed, so let's close it out within the task tracker.

Cite This Page

"Geo-Based Comp." Dictionary, Accessed 04/22/2024.