Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Key Contributor Insurance
A qualified tax-deductible pension or profit-sharing retirement plan for self-employed individuals and their employees, with contribution units based on net earnings. Disability, health, and/or life insurance policies designed to protect the company for the loss of the services of essential employees, with premiums paid and benefits received by the company, key man insurance. A type of corporate-owned life insurance purchased by a company to protect itself from financial loss.
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Cost of Labor
Internal Equity
Salary Range
Standard Deviation
Mean
Gender Pay Gap
Bonus
Shift Differentials
Hours of Work
Benchmarking
Broadbanding
Minimum Wage
Quartile
Cost of Living
Compensable Factors
Defined Benefit Plans
Turnover
Green Circle Rate
Consumer Price Index (CPI)
Total Rewards
Coefficient of Determination
Aging Survey Data
Restricted Stock
Lump Sum Merit
Pay Grade
Benchmark Job
Lag the Market
Individual Retirement Account (IRA)
Range Penetration
Lead-Lag Pay Structure Policy
Defined Contribution Plans
Midpoint Progression
Red Circle Rate
Market Pricing
Job Family
Long-Term Incentive Plan
General Salary Increase
Stock Option Incentive
Compa-Ratio
Market Based Salary Increase Budget
Standard Error of Estimate
Lead Pay Structure Policy
Demotion
Pay Range Overlap
Market Index
Pay Equity
Median
Works Council
Mix
Percentile
FICA
Salary Structure Change
Year of Service
Step Rates
Promotional Increase
Merit Increase
Mode
Range
Annual Incentive
Range Spread
Salary Grade
Sales Compensation
Job Evaluation
Geographic Differential
Foreign Earned Income Exclusion
Black-Scholes Model Z
Linear Regression
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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