Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Administrative Services Only (ASO)
Common to health welfare plans, where an organization employs an outside organization to provide administrative services for self-funded plans. The ASO contract or provider provides claim and policy administration, but the purchasing organization retains financial responsibility. ASO providers are also called Third-Party Administrators.
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Cost of Living
Pay Range Overlap
Black-Scholes Model Z
Job Evaluation
Individual Retirement Account (IRA)
Internal Equity
Range Spread
Salary Structure Change
Hours of Work
Mix
Job Family
Lead-Lag Pay Structure Policy
Annual Incentive
Salary Range
Foreign Earned Income Exclusion
Works Council
Quartile
Restricted Stock
Geographic Differential
Stock Option Incentive
Compensable Factors
Gender Pay Gap
Turnover
Mean
Market Pricing
Lead Pay Structure Policy
Pay Grade
Market Based Salary Increase Budget
Promotional Increase
Mode
Green Circle Rate
Salary Grade
Total Rewards
Standard Error of Estimate
Range
Merit Increase
Cost of Labor
Defined Contribution Plans
Demotion
Long-Term Incentive Plan
Year of Service
Red Circle Rate
Market Index
Bonus
Median
Compa-Ratio
Broadbanding
Aging Survey Data
General Salary Increase
Coefficient of Determination
Percentile
Shift Differentials
Defined Benefit Plans
Midpoint Progression
Benchmarking
Step Rates
Minimum Wage
FICA
Lag the Market
Lump Sum Merit
Sales Compensation
Consumer Price Index (CPI)
Range Penetration
Benchmark Job
Pay Equity
Standard Deviation
Linear Regression
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ERI SalaryExpert was launched in 2000 by ERI Economic Research Institute to help organizations and individuals optimize salary planning. Our robust compensation management solution houses the global salary survey data and applications needed to design competitive and effective compensation structures. From benchmarking with reliable market data to analyzing geographic differentials and conducting pay equity analyses, our intelligent platform is an innovative way of merging integral salary survey data with efficient features, all in one system.
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Featured White Paper
Common Compensation Terms and Formulas - January 2026
Find commonly used compensation terms and formulas for your reference when planning compensation.
Ready to Streamline Your Compensation Strategy with Us?
Discover how our Assessor Platform can help you attract top talent, stay on top of market trends, and set your organization up for success, all in one platform.
Try a Free Demo
About Us
ERI SalaryExpert was launched in 2000 by ERI Economic Research Institute to help organizations and individuals optimize salary planning. Our robust compensation management solution houses the global salary survey data and applications needed to design competitive and effective compensation structures. From benchmarking with reliable market data to analyzing geographic differentials and conducting pay equity analyses, our intelligent platform is an innovative way of merging integral salary survey data with efficient features, all in one system.
Learn More