OTE (On-Target Earnings)

Definition

The total expected pay if an employee hits all their performance targets or quotas.

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Total Compensation

Common in sales roles. It combines base salary and commission.

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ATS (Applicant Tracking System)

Software that manages the recruiting and hiring process, including job postings and storing job applications.

Clawback

A contractual provision that requires an employee to return money already paid (like a signing bonus) if they leave the company within a certain period.

Cover Letter

A letter of introduction attached to or accompanying another document such as a résumé or curriculum vitae.

Resignation Letter

A formal letter sent by an employee to their employer giving notice that they will be leaving their job.

RSU Vesting

The schedule that determines when restricted stock units become yours over time, usually in quarterly or annual tranches.

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This software is for simulation and planning purposes only. Outputs are estimates based on your inputs and do not constitute professional financial, legal, or tax advice. Always consult a qualified advisor before making business decisions.