Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Dual-Choice Provision
Part of the Health Maintenance Organization Act of 1973 which required employers with more than 25 employees and who met certain other specifications to offer health insurance through a federally qualified HMO as an alternative to a traditional health insurance plan. This provision expired in 1995.
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Market Based Salary Increase Budget
Mix
Compensable Factors
Sales Compensation
Salary Structure Change
Mean
Median
Restricted Stock
Bonus
Broadbanding
Minimum Wage
Step Rates
Standard Error of Estimate
Hours of Work
Red Circle Rate
Aging Survey Data
Cost of Labor
Linear Regression
Green Circle Rate
Foreign Earned Income Exclusion
Year of Service
Individual Retirement Account (IRA)
Pay Equity
Midpoint Progression
Annual Incentive
Salary Grade
Quartile
Benchmark Job
Benchmarking
Merit Increase
Compa-Ratio
Total Rewards
Shift Differentials
Defined Contribution Plans
Consumer Price Index (CPI)
Pay Grade
Black-Scholes Model Z
Geographic Differential
Range Penetration
Coefficient of Determination
Cost of Living
Range
Job Evaluation
Lead Pay Structure Policy
General Salary Increase
Percentile
Works Council
Range Spread
FICA
Turnover
Pay Range Overlap
Long-Term Incentive Plan
Gender Pay Gap
Market Pricing
Mode
Defined Benefit Plans
Job Family
Market Index
Demotion
Standard Deviation
Lump Sum Merit
Internal Equity
Stock Option Incentive
Salary Range
Promotional Increase
Lag the Market
Lead-Lag Pay Structure Policy
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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.
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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