UK Recruitment Glossary
Total Reward
In recruiter context
Increasingly used by UK employers to communicate compensation value beyond headline salary. Components typically include: base salary, target bonus and historical achievement rate, equity grant value (using current valuation), pension contribution match, private medical insurance value, life insurance value, holiday allowance, training budget, flexibility (remote/hybrid), and growth potential. Strong UK employers issue annual Total Reward Statements showing the full economic value. For job-seekers: comparing offers requires Total Reward calculation, not base salary comparison. A £75k role with 10% pension match and 25% target bonus often outperforms a £85k role with 3% pension match and no bonus.
Related terms
PAYE
Pay As You Earn — HMRC's system for collecting income tax and NI directly from your salary, before y…
Implied Terms
Contractual terms that exist in employment contracts even if not explicitly written — duty of mutual…
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NDA (Non-Disclosure Agreement)
A contract that legally restricts what you can say about an employer or its information.