Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Contingent Annuity Option
An option under which an employee may elect to receive, under certain conditions, a reduced amount of annuity with the same income, or a specified fraction, to be paid after his death to another person designated as his contingent annuitant, for that person's lifetime. The contingent annuitant is usually the husband or the wife. (See JOINT AND SURVIVOR ANNUITIES.)
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Lump Sum Merit
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Coefficient of Determination
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Linear Regression
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Market Pricing
Aging Survey Data
Defined Contribution Plans
Individual Retirement Account (IRA)
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Cost of Labor
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Lead Pay Structure Policy
Black-Scholes Model Z
Pay Range Overlap
Compensable Factors
Long-Term Incentive Plan
Step Rates
Geographic Differential
Promotional Increase
Works Council
Restricted Stock
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Mean
Market Based Salary Increase Budget
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Red Circle Rate
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Foreign Earned Income Exclusion
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Gender Pay Gap
Sales Compensation
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Lag the Market
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Hours of Work
Standard Error of Estimate
Benchmarking
Cost of Living
Consumer Price Index (CPI)
Defined Benefit Plans
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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