Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Individual Practice Association
A type of managed care organization composed of a group of independent physicians who have formed an association as a separate legal entity for contracting purposes. IPA physician providers retain their individual practices, work in separate offices, continue to see their nonmanaged care patients and have the option to contract directly with managed care plans.
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Range Spread
Aging Survey Data
Coefficient of Determination
Consumer Price Index (CPI)
Red Circle Rate
Market Index
Salary Range
Range Penetration
Job Evaluation
Restricted Stock
Minimum Wage
Geographic Differential
Defined Benefit Plans
Midpoint Progression
Pay Range Overlap
Benchmarking
Foreign Earned Income Exclusion
Cost of Labor
Defined Contribution Plans
Demotion
Stock Option Incentive
Benchmark Job
Year of Service
Individual Retirement Account (IRA)
Market Pricing
Percentile
Range
Pay Grade
Annual Incentive
Standard Error of Estimate
Job Family
Linear Regression
Merit Increase
Standard Deviation
Promotional Increase
Long-Term Incentive Plan
Mode
Salary Structure Change
Internal Equity
Median
Broadbanding
Black-Scholes Model Z
Works Council
Turnover
Pay Equity
Lag the Market
Quartile
Bonus
Market Based Salary Increase Budget
General Salary Increase
Lead Pay Structure Policy
Shift Differentials
Cost of Living
Mean
Gender Pay Gap
Step Rates
Hours of Work
FICA
Green Circle Rate
Salary Grade
Compa-Ratio
Total Rewards
Mix
Lump Sum Merit
Lead-Lag Pay Structure Policy
Compensable Factors
Sales Compensation
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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