Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Branch Office Distribution System
A common system for selling individual life insurance. Under this system, the soliciting agents who work out of a branch office are under contract to the insurance company, not to the branch manager. The agents receive commissions directly from the insurance company. The branch office manager, supervisors, and clerical personnel in the field office are employees of the insurance company; and these employees are subject to the same types of controls normally exercised by an employer. See also AGENCY SYSTEM and BRANCH MANAGER.
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Geographic Differential
Defined Benefit Plans
Pay Grade
Internal Equity
Coefficient of Determination
Benchmark Job
Cost of Living
Pay Equity
Gender Pay Gap
Aging Survey Data
Range
Long-Term Incentive Plan
Percentile
Range Spread
Compensable Factors
Stock Option Incentive
Cost of Labor
Minimum Wage
Job Family
Year of Service
Range Penetration
FICA
Standard Error of Estimate
Linear Regression
Hours of Work
Sales Compensation
Restricted Stock
Black-Scholes Model Z
Green Circle Rate
Foreign Earned Income Exclusion
Midpoint Progression
Salary Grade
Merit Increase
Promotional Increase
Defined Contribution Plans
Quartile
Market Based Salary Increase Budget
Market Index
Salary Structure Change
Mix
Bonus
Market Pricing
Individual Retirement Account (IRA)
Standard Deviation
Job Evaluation
Compa-Ratio
Mode
Pay Range Overlap
Salary Range
Lead-Lag Pay Structure Policy
Lead Pay Structure Policy
Works Council
Demotion
Red Circle Rate
Turnover
Shift Differentials
General Salary Increase
Broadbanding
Step Rates
Mean
Benchmarking
Annual Incentive
Total Rewards
Median
Lag the Market
Lump Sum Merit
Consumer Price Index (CPI)
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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