Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Endorsement Method
The way the beneficiary to a life insurance policy is changed. Change may be effected in the following ways: (1) The owner of the policy may return the contract to the insurer. The insurance company then ‘
endorses’ it with the name(s) of any new beneficiary or (2) the policy is not actually returned to the insurer. Instead, the policy owner requests (over the telephone) that a change be made reflecting, the fact that there are new beneficiaries. Then the insurer mails an endorsement, reflecting the change, to the policy owner. Compare with recording method.
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Works Council
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Lag the Market
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Merit Increase
Internal Equity
Mix
Pay Grade
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Market Based Salary Increase Budget
Black-Scholes Model Z
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Red Circle Rate
Lump Sum Merit
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Year of Service
Sales Compensation
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FICA
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Aging Survey Data
Stock Option Incentive
Compa-Ratio
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Promotional Increase
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Cost of Living
Long-Term Incentive Plan
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Total Rewards
Lead Pay Structure Policy
Bonus
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Step Rates
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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