Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Simultaneous Death Act
This law is typically enacted on a state or province level and it provides that, should the insured and the first beneficiary both die under such conditions that it is not possible to determine who died first, it will be deemed that the insured in fact survived the first (primary) beneficiary (unless there exists a clause in the policy to the contrary.
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Pay Range Overlap
Mix
Step Rates
Coefficient of Determination
Long-Term Incentive Plan
Foreign Earned Income Exclusion
Year of Service
Quartile
Pay Grade
Benchmark Job
Lump Sum Merit
Job Family
Lead Pay Structure Policy
Job Evaluation
Cost of Labor
Median
Mean
Standard Deviation
Defined Benefit Plans
Salary Structure Change
Market Pricing
Compa-Ratio
Gender Pay Gap
FICA
Range Penetration
Salary Grade
Lead-Lag Pay Structure Policy
Black-Scholes Model Z
Salary Range
Benchmarking
Sales Compensation
Percentile
Geographic Differential
Green Circle Rate
Works Council
Shift Differentials
Red Circle Rate
Consumer Price Index (CPI)
Restricted Stock
Demotion
Pay Equity
Individual Retirement Account (IRA)
Minimum Wage
Market Based Salary Increase Budget
Merit Increase
Hours of Work
Standard Error of Estimate
Range
Defined Contribution Plans
Compensable Factors
Mode
Lag the Market
Market Index
Turnover
Broadbanding
Promotional Increase
Bonus
Internal Equity
Stock Option Incentive
Midpoint Progression
General Salary Increase
Aging Survey Data
Total Rewards
Linear Regression
Cost of Living
Annual Incentive
Range Spread
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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