Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Attending Physician's Statement (APS)
A written statement from a physician who has treated, or is currently treating, a proposed insured or an insured for one or more conditions. The statement provides the insurance company with information relevant to underwriting a risk or settling a claim.
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Hours of Work
Total Rewards
General Salary Increase
Quartile
Pay Grade
Aging Survey Data
Foreign Earned Income Exclusion
Compensable Factors
Individual Retirement Account (IRA)
Long-Term Incentive Plan
Black-Scholes Model Z
Defined Contribution Plans
Standard Deviation
Promotional Increase
Broadbanding
Market Pricing
Internal Equity
Red Circle Rate
Job Family
Defined Benefit Plans
Midpoint Progression
Range Spread
Market Index
Pay Equity
Cost of Labor
Sales Compensation
Shift Differentials
Green Circle Rate
Demotion
Benchmark Job
Mode
Lump Sum Merit
Linear Regression
Coefficient of Determination
Gender Pay Gap
Restricted Stock
Step Rates
FICA
Percentile
Merit Increase
Standard Error of Estimate
Cost of Living
Benchmarking
Lead-Lag Pay Structure Policy
Works Council
Median
Compa-Ratio
Mix
Turnover
Lag the Market
Salary Structure Change
Annual Incentive
Consumer Price Index (CPI)
Salary Range
Lead Pay Structure Policy
Minimum Wage
Stock Option Incentive
Range
Pay Range Overlap
Mean
Bonus
Market Based Salary Increase Budget
Geographic Differential
Year of Service
Salary Grade
Range Penetration
Job Evaluation
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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.
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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