Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Causal Relation Requirements
Proof required by statute in Kansas, Missouri, Rhode Island, and Puerto Rico to show that the facts not accurately represented in an insurance application were material. In other words, that the misrepresentation affected the insurers decision to insure against that particular loss, to whatever extent.
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Total Rewards
Internal Equity
Percentile
Sales Compensation
Consumer Price Index (CPI)
FICA
Job Evaluation
Range Spread
Lag the Market
Merit Increase
Pay Equity
Works Council
Salary Grade
Mode
Defined Contribution Plans
Turnover
Foreign Earned Income Exclusion
Mean
Mix
Range Penetration
Quartile
Step Rates
General Salary Increase
Standard Error of Estimate
Cost of Labor
Hours of Work
Cost of Living
Salary Structure Change
Pay Range Overlap
Broadbanding
Lead-Lag Pay Structure Policy
Compa-Ratio
Job Family
Market Index
Coefficient of Determination
Geographic Differential
Stock Option Incentive
Market Pricing
Median
Linear Regression
Lump Sum Merit
Demotion
Pay Grade
Standard Deviation
Range
Market Based Salary Increase Budget
Defined Benefit Plans
Aging Survey Data
Promotional Increase
Black-Scholes Model Z
Year of Service
Red Circle Rate
Gender Pay Gap
Long-Term Incentive Plan
Green Circle Rate
Compensable Factors
Bonus
Annual Incentive
Salary Range
Individual Retirement Account (IRA)
Midpoint Progression
Benchmark Job
Lead Pay Structure Policy
Shift Differentials
Benchmarking
Restricted Stock
Minimum Wage
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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.
Learn More
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