Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Slotting
The process of placing a nonbenchmark job (for which there are no comparisons to the market) into a hierarchy in approximately ranked order. The slotted job is inserted between benchmarked jobs of clearly greater and lesser value in order to place the non-benchmarked job into an appropriate relative position in a pay grade system. This process entails the comparison of one job of unknown external market or internal equity value to others that already exist in the hierarchy of jobs. For example, if you are unable to benchmark Job B, but know that it should fall almost exactly between Job A in Grade 10 and Job C in Grade 12, then usually it would be slotted into Grade 11.
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Black-Scholes Model Z
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Demotion
Mode
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Geographic Differential
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Job Family
Mix
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Foreign Earned Income Exclusion
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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