Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Convertible Term Insurance
Term life insurance which may: 1) be converted into cash value insurance (USA) or may be the conversion of term assurance into an endowment assurance (UK); 2) converted into a permanent insurance policy at the option of the owner without further evidence of insurability.
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Cost of Labor
Lump Sum Merit
Mix
Mean
Coefficient of Determination
Lead-Lag Pay Structure Policy
Sales Compensation
Salary Range
Median
Geographic Differential
Consumer Price Index (CPI)
Midpoint Progression
Broadbanding
Annual Incentive
Range
Benchmarking
Salary Grade
Range Spread
Lead Pay Structure Policy
Merit Increase
Pay Grade
Lag the Market
Compensable Factors
Salary Structure Change
Market Pricing
Bonus
Long-Term Incentive Plan
Standard Error of Estimate
Mode
Shift Differentials
Turnover
Foreign Earned Income Exclusion
FICA
Black-Scholes Model Z
Gender Pay Gap
Promotional Increase
Total Rewards
Standard Deviation
Percentile
Market Based Salary Increase Budget
Market Index
Restricted Stock
Compa-Ratio
Pay Range Overlap
Green Circle Rate
General Salary Increase
Quartile
Individual Retirement Account (IRA)
Defined Contribution Plans
Range Penetration
Stock Option Incentive
Aging Survey Data
Works Council
Benchmark Job
Internal Equity
Minimum Wage
Defined Benefit Plans
Hours of Work
Step Rates
Pay Equity
Linear Regression
Job Evaluation
Demotion
Cost of Living
Job Family
Red Circle Rate
Year of Service
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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
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