Vis-a-vis is a fancy way of saying "in regard to" or "compared to," as in: "He was substantially underpaid vis-a-vis other researchers."
Technically that "a" in vis-a-vis is an "à" as the phrase translates literally from the French for "face to face." There's a slightly pedantic ring to the term vis-a-vis so use it with caution. It's more a term that might be used in a newspaper article or academic treatise, and something best avoided in speech altogether, unless you're deliberately aiming for comic effect.