Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Self-Insured Plans
There are two parts of any insurance policy. (1) Risk assumption. (2) Processing of the claims. In self-insurance, the organization itself, takes on the risk of payment, typically by placing money that would have been paid as premiums into a fund with which claims are paid. Self-insured plans are usually taken on by very large organizations because it would take only one sizeable claim for a small fund to be wiped out.
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Lag the Market
Range Spread
Defined Benefit Plans
Salary Range
Defined Contribution Plans
Consumer Price Index (CPI)
Stock Option Incentive
Salary Grade
General Salary Increase
Job Evaluation
Total Rewards
Shift Differentials
Long-Term Incentive Plan
Internal Equity
Hours of Work
Promotional Increase
Bonus
Red Circle Rate
Percentile
Market Index
Compensable Factors
Cost of Labor
Year of Service
Salary Structure Change
Mean
Pay Range Overlap
Benchmarking
FICA
Minimum Wage
Pay Grade
Gender Pay Gap
Foreign Earned Income Exclusion
Turnover
Cost of Living
Median
Standard Error of Estimate
Merit Increase
Lead-Lag Pay Structure Policy
Range
Benchmark Job
Mix
Standard Deviation
Restricted Stock
Demotion
Sales Compensation
Annual Incentive
Job Family
Green Circle Rate
Lead Pay Structure Policy
Geographic Differential
Aging Survey Data
Mode
Linear Regression
Market Pricing
Coefficient of Determination
Range Penetration
Pay Equity
Works Council
Black-Scholes Model Z
Step Rates
Broadbanding
Quartile
Compa-Ratio
Market Based Salary Increase Budget
Individual Retirement Account (IRA)
Lump Sum Merit
Midpoint Progression
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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