Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Total Needs Programming
A basis for selling life insurance in which the agent takes into consideration all the prospect's financial needs, calculates the amount of money required to take care of all those needs, determines the amount of money required to take care of all those needs, determines the amount of funds that will be available when the prospect dies, and calculates the amount of life insurance required to provide the difference.
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Geographic Differential
Benchmarking
Cost of Living
Pay Range Overlap
Market Based Salary Increase Budget
Market Pricing
Green Circle Rate
Mix
Range Spread
Pay Grade
Job Evaluation
Mode
Median
Standard Deviation
Lag the Market
Total Rewards
Gender Pay Gap
Internal Equity
Range
Annual Incentive
Defined Benefit Plans
Bonus
Percentile
Range Penetration
Linear Regression
Cost of Labor
Turnover
Red Circle Rate
Black-Scholes Model Z
Stock Option Incentive
Lead Pay Structure Policy
Salary Grade
Lead-Lag Pay Structure Policy
Benchmark Job
Merit Increase
Promotional Increase
Year of Service
FICA
Restricted Stock
Standard Error of Estimate
Consumer Price Index (CPI)
Market Index
Step Rates
Salary Structure Change
Long-Term Incentive Plan
General Salary Increase
Hours of Work
Pay Equity
Salary Range
Individual Retirement Account (IRA)
Job Family
Compa-Ratio
Compensable Factors
Demotion
Foreign Earned Income Exclusion
Defined Contribution Plans
Shift Differentials
Aging Survey Data
Lump Sum Merit
Sales Compensation
Broadbanding
Midpoint Progression
Coefficient of Determination
Quartile
Works Council
Mean
Minimum Wage
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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