Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Blended Rates
Several definitions, two of which are listed: 1) Organization mortality rates that are based, in part, on a group's own experience and in part on manual rates. These Blended Rates are used to determine the appropriate organization insurance premium rates for intermediate-size groups. See also Experience Rating and Manual Rates. (2) A rate offered by a lender, which is somewhere between a previous rate and a new loan rate.
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Hours of Work
Market Pricing
Red Circle Rate
Mix
Percentile
Minimum Wage
Job Family
Standard Deviation
Turnover
Lump Sum Merit
Total Rewards
Merit Increase
Pay Grade
Quartile
Salary Structure Change
Sales Compensation
Annual Incentive
Stock Option Incentive
Consumer Price Index (CPI)
Defined Contribution Plans
Green Circle Rate
Standard Error of Estimate
Mean
Lead-Lag Pay Structure Policy
FICA
Bonus
Salary Range
Mode
General Salary Increase
Step Rates
Lead Pay Structure Policy
Pay Equity
Defined Benefit Plans
Linear Regression
Foreign Earned Income Exclusion
Median
Long-Term Incentive Plan
Range Spread
Compa-Ratio
Market Index
Restricted Stock
Lag the Market
Range
Demotion
Midpoint Progression
Pay Range Overlap
Compensable Factors
Year of Service
Individual Retirement Account (IRA)
Aging Survey Data
Coefficient of Determination
Gender Pay Gap
Salary Grade
Works Council
Cost of Labor
Job Evaluation
Promotional Increase
Cost of Living
Benchmarking
Black-Scholes Model Z
Range Penetration
Internal Equity
Market Based Salary Increase Budget
Benchmark Job
Shift Differentials
Geographic Differential
Broadbanding
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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