Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Renewal Commission
Commissions that are paid to an agent for a certain period of years, typically nine, after the initial policy year. The renewal commission rates are typically lower after the first year, and commission is only paid on the policies that remain in force.
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Standard Deviation
Gender Pay Gap
Promotional Increase
Defined Contribution Plans
Total Rewards
Aging Survey Data
Linear Regression
Range Penetration
Lump Sum Merit
Bonus
Job Evaluation
Black-Scholes Model Z
Pay Equity
Sales Compensation
Range
Turnover
Broadbanding
Green Circle Rate
Consumer Price Index (CPI)
Hours of Work
Market Pricing
Mix
Restricted Stock
Coefficient of Determination
Compensable Factors
Geographic Differential
Lag the Market
Salary Structure Change
Lead-Lag Pay Structure Policy
Pay Grade
Salary Grade
Job Family
Compa-Ratio
Range Spread
General Salary Increase
Individual Retirement Account (IRA)
Foreign Earned Income Exclusion
Demotion
Works Council
Cost of Living
Lead Pay Structure Policy
Year of Service
Midpoint Progression
Benchmarking
Market Index
Red Circle Rate
Quartile
Standard Error of Estimate
Annual Incentive
Median
Long-Term Incentive Plan
Pay Range Overlap
Percentile
Minimum Wage
Cost of Labor
Stock Option Incentive
Defined Benefit Plans
Benchmark Job
Salary Range
FICA
Merit Increase
Shift Differentials
Internal Equity
Market Based Salary Increase Budget
Mean
Step Rates
Mode
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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