Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Exclusions
These are losses not covered by an insurance policy. In terms of Accidental death policies, exclusions would be causes of death not deemed to be accidental. In terms of health insurance, this would be losses not insured (those that were pre-existing, surgeries that are cosmetic in nature or injuries that are self inflicted.
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Pay Range Overlap
Pay Grade
Job Family
Compensable Factors
Demotion
Consumer Price Index (CPI)
Benchmarking
Green Circle Rate
Lag the Market
Black-Scholes Model Z
Internal Equity
Mix
Mode
Defined Contribution Plans
Long-Term Incentive Plan
Compa-Ratio
FICA
Coefficient of Determination
Market Index
Job Evaluation
Defined Benefit Plans
Salary Grade
Median
Red Circle Rate
General Salary Increase
Lead Pay Structure Policy
Turnover
Gender Pay Gap
Percentile
Range Penetration
Promotional Increase
Lead-Lag Pay Structure Policy
Range
Market Based Salary Increase Budget
Cost of Labor
Restricted Stock
Step Rates
Benchmark Job
Lump Sum Merit
Range Spread
Midpoint Progression
Quartile
Foreign Earned Income Exclusion
Linear Regression
Broadbanding
Minimum Wage
Total Rewards
Individual Retirement Account (IRA)
Market Pricing
Salary Range
Merit Increase
Standard Error of Estimate
Cost of Living
Standard Deviation
Mean
Bonus
Stock Option Incentive
Sales Compensation
Annual Incentive
Aging Survey Data
Works Council
Hours of Work
Geographic Differential
Pay Equity
Shift Differentials
Year of Service
Salary Structure Change
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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