Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Persistency
In terms of insurance, persistency is the percentage of an insurance company's already written policies remaining in force, without lapsing or being replaced by policies of other insurers. Since this is a critical factor in the viability and success of insurance companies, they are constantly looking for ways to increase this percentage.
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Geographic Differential
Market Index
Pay Range Overlap
Demotion
Linear Regression
Midpoint Progression
Benchmarking
Compa-Ratio
Sales Compensation
Foreign Earned Income Exclusion
Range Penetration
Merit Increase
Shift Differentials
Quartile
Cost of Labor
Market Pricing
Mean
Promotional Increase
Year of Service
Salary Structure Change
Pay Grade
Salary Grade
Median
Cost of Living
Bonus
Minimum Wage
Standard Deviation
Hours of Work
Broadbanding
Step Rates
Aging Survey Data
Job Evaluation
Percentile
Individual Retirement Account (IRA)
Lead-Lag Pay Structure Policy
Consumer Price Index (CPI)
Gender Pay Gap
Total Rewards
Coefficient of Determination
Salary Range
Job Family
Range Spread
General Salary Increase
Lead Pay Structure Policy
Turnover
Benchmark Job
Range
Compensable Factors
Long-Term Incentive Plan
Works Council
Standard Error of Estimate
Red Circle Rate
Annual Incentive
Market Based Salary Increase Budget
Defined Contribution Plans
Restricted Stock
Internal Equity
Pay Equity
Lump Sum Merit
Mix
Defined Benefit Plans
Green Circle Rate
FICA
Stock Option Incentive
Black-Scholes Model Z
Mode
Lag the Market
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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