OpenComp Knowledge Base
  • OpenComp Knowledge Base
  • Overview
    • 💡What we do
  • Product Guides
    • ✨Scenario Settings
      • Scenario Details
      • Adding Employees to OpenComp
        • Connect Your HRIS to OpenComp
        • Upload Employees to OpenComp
        • Rippling Upload File
      • Create a Pay Strategy
        • Select Your Geographic Strategy
        • Set Target Market Percentiles
        • Specify Range Widths (optional)
        • Job Family or Group-Based Ranges
      • Specify Your Organization's Benefits
      • Benchmarking Employees
      • Define Performance Scale
      • Customize Offer Letter Templates
    • ✨Market Data Overview
    • ✨Ranges Overview
    • ✨Merit Cycles
      • Merit Cycles Set-Up
      • Proposing Compensation Changes
      • Approving Compensation Changes
      • Finalizing a Cycle & Executive Summary
    • ✨Headcount Planning
    • ✨DEI Overview
  • Fundamentals
    • 🛠️Getting set up
      • Add Users to OpenComp
      • Setting permissions
    • The OpenComp Benchmark
      • Geographic Tiers
      • Job Architecture
      • Job Levels
      • Determining the Appropriate Level
    • Scenarios & Scenario Settings
    • Definitions
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  1. Fundamentals

Definitions

This page is provides a list of definitions for OpenComp Terminology

Approver

An individual in an organization who is repsonsible for reviewing and approving a Budget Owner's proposed compensation.

Budget Owner

An individual in an organization who is responsible for proposing compensation changes for a designated set of employees.

PreviousScenarios & Scenario Settings

Last updated 1 year ago