Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Fractional Premium
In insurance, a proportionate amount of the annual premium, that is, one-twelfth of the annual premium per month for each month involved. A premium less than the mode premium, usually used when a change in premium date is desired and the premium must be set to cover the tie period between the original payment date and the new one.
Popular Searches
Bonus
Market Index
Range
Red Circle Rate
Lead Pay Structure Policy
Foreign Earned Income Exclusion
Works Council
Mix
Total Rewards
Aging Survey Data
Linear Regression
Market Pricing
Annual Incentive
Step Rates
Standard Error of Estimate
Pay Equity
Benchmarking
Restricted Stock
Percentile
Midpoint Progression
Range Spread
Pay Range Overlap
Cost of Labor
Gender Pay Gap
Long-Term Incentive Plan
FICA
Promotional Increase
Job Evaluation
Consumer Price Index (CPI)
Minimum Wage
Turnover
Lag the Market
Shift Differentials
Salary Structure Change
Pay Grade
Standard Deviation
Green Circle Rate
Salary Range
Defined Contribution Plans
Compensable Factors
Range Penetration
Broadbanding
Hours of Work
Geographic Differential
Mean
Lump Sum Merit
Salary Grade
Year of Service
Cost of Living
Mode
Benchmark Job
Quartile
Individual Retirement Account (IRA)
Stock Option Incentive
Internal Equity
Defined Benefit Plans
Median
Demotion
Coefficient of Determination
Lead-Lag Pay Structure Policy
Job Family
Market Based Salary Increase Budget
Merit Increase
Compa-Ratio
General Salary Increase
Black-Scholes Model Z
Sales Compensation
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
White Papers
Insights on Compensation
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
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