Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Lock Box Banking
Premium payments are received at a post office box. The insurer allows the bank to have access to the post office box. The bank opens all the mail, and deposits the premium. The bank sends receipts of all transactions to the insurer.
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Salary Range
Geographic Differential
Job Evaluation
Benchmark Job
Defined Benefit Plans
Total Rewards
Market Pricing
Standard Deviation
Lead Pay Structure Policy
Standard Error of Estimate
Hours of Work
Black-Scholes Model Z
Midpoint Progression
Step Rates
Individual Retirement Account (IRA)
Lead-Lag Pay Structure Policy
Cost of Living
General Salary Increase
Green Circle Rate
Long-Term Incentive Plan
Stock Option Incentive
Pay Equity
Compa-Ratio
Aging Survey Data
Internal Equity
Median
Pay Range Overlap
Lag the Market
Linear Regression
Cost of Labor
Shift Differentials
Percentile
Pay Grade
Range Penetration
Coefficient of Determination
Defined Contribution Plans
Mean
Promotional Increase
Mix
Market Based Salary Increase Budget
Quartile
Turnover
Salary Structure Change
Works Council
Year of Service
Minimum Wage
Broadbanding
Mode
Range
Foreign Earned Income Exclusion
Range Spread
Gender Pay Gap
Job Family
Annual Incentive
Benchmarking
Lump Sum Merit
Red Circle Rate
Sales Compensation
Market Index
Merit Increase
Bonus
Consumer Price Index (CPI)
Restricted Stock
Demotion
Compensable Factors
FICA
Salary Grade
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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