Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Basket Clause
Several definitions: 1) From an investment point of view, this is a provision that allows insurance companies to invest a small percentage of their assets generally without regard to statutory restrictions. (2) From an accounting point of view, this is a clause that permits life, and health insurers to hold a specified amount of their assets as nonauthorized assets, which are not restricted in the same way as authorized assets.
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Defined Contribution Plans
Percentile
Benchmark Job
Lag the Market
Mean
Bonus
Restricted Stock
Sales Compensation
FICA
Range
Annual Incentive
Midpoint Progression
Market Pricing
Consumer Price Index (CPI)
Geographic Differential
Green Circle Rate
Salary Range
Turnover
Standard Error of Estimate
Long-Term Incentive Plan
Coefficient of Determination
Range Spread
Market Based Salary Increase Budget
Pay Equity
Salary Structure Change
Minimum Wage
Quartile
Mix
Cost of Labor
Range Penetration
Stock Option Incentive
Aging Survey Data
Market Index
Linear Regression
Year of Service
Pay Range Overlap
Defined Benefit Plans
Promotional Increase
General Salary Increase
Step Rates
Red Circle Rate
Mode
Hours of Work
Merit Increase
Cost of Living
Compa-Ratio
Demotion
Job Family
Median
Broadbanding
Total Rewards
Benchmarking
Foreign Earned Income Exclusion
Lead Pay Structure Policy
Salary Grade
Works Council
Black-Scholes Model Z
Job Evaluation
Internal Equity
Gender Pay Gap
Pay Grade
Compensable Factors
Shift Differentials
Individual Retirement Account (IRA)
Lead-Lag Pay Structure Policy
Lump Sum Merit
Standard Deviation
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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