Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Separate Account
As its name implies, this is an account which is separately maintained from the general accounts of a life insurance company. The separate account facilitates the management of the non-guarantee insurance product funds. The maintenance of separate accounts enables insurance companies to modify their investment strategies, while not adversely affecting general accounts funds. In Canada, this is known as segregated account.
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Lead Pay Structure Policy
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FICA
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Works Council
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Lump Sum Merit
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General Salary Increase
Linear Regression
Cost of Labor
Black-Scholes Model Z
Green Circle Rate
Defined Benefit Plans
Salary Structure Change
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Mode
Bonus
Shift Differentials
Annual Incentive
Cost of Living
Market Pricing
Red Circle Rate
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Stock Option Incentive
Coefficient of Determination
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Individual Retirement Account (IRA)
Median
Restricted Stock
Merit Increase
Broadbanding
Pay Equity
Midpoint Progression
Total Rewards
Job Family
Lag the Market
Range Penetration
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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