Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Hospitals
A legally constituted institution having organized facilities for the care and treatment of sick and injured persons on a resident or inpatient basis, including facilities for diagnosis and surgery under the supervision of a staff of one or more licensed physicians and which provides 24-hour nursing services by a registered nurse on duty or call. It does not mean convalescent, nursing, rest or extended care facilities or a facility operated exclusively for the treatment of the aged, drug addict or alcoholic, whether or not such facilities are operated as a separate institution by a hospital.
Popular Searches
Geographic Differential
Salary Grade
Market Pricing
Annual Incentive
Coefficient of Determination
Standard Deviation
Mix
Stock Option Incentive
FICA
Cost of Labor
Pay Range Overlap
Restricted Stock
Hours of Work
Cost of Living
Job Evaluation
Range Spread
Shift Differentials
General Salary Increase
Salary Range
Black-Scholes Model Z
Minimum Wage
Step Rates
Job Family
Lag the Market
Merit Increase
Standard Error of Estimate
Midpoint Progression
Market Index
Benchmark Job
Green Circle Rate
Percentile
Red Circle Rate
Year of Service
Individual Retirement Account (IRA)
Lead-Lag Pay Structure Policy
Internal Equity
Quartile
Total Rewards
Foreign Earned Income Exclusion
Compensable Factors
Promotional Increase
Defined Contribution Plans
Market Based Salary Increase Budget
Lump Sum Merit
Consumer Price Index (CPI)
Demotion
Gender Pay Gap
Turnover
Broadbanding
Benchmarking
Pay Equity
Linear Regression
Bonus
Aging Survey Data
Mode
Long-Term Incentive Plan
Defined Benefit Plans
Mean
Salary Structure Change
Range Penetration
Pay Grade
Works Council
Median
Range
Sales Compensation
Lead Pay Structure Policy
Compa-Ratio
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