Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Ultimate Mortality Table
A table of data that excludes the first 5 to 10 years of experience of those who have purchased life insurance. A Mortality Table shows the number of deaths per 1000 within a grouping of people. Experience has shown that people have a lower mortality rate in the first years after they purchase insurance, and this can skew the data. By excluding this information the Ultimate Mortality Table is believed to give a more accurate portrayal of actual mortality rates.
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Broadbanding
Range Penetration
Lead Pay Structure Policy
Aging Survey Data
Range Spread
Salary Grade
Shift Differentials
Quartile
Defined Benefit Plans
Foreign Earned Income Exclusion
Pay Range Overlap
Defined Contribution Plans
Turnover
Long-Term Incentive Plan
Linear Regression
Pay Equity
Lump Sum Merit
Green Circle Rate
Midpoint Progression
Cost of Living
Mode
Gender Pay Gap
Range
Bonus
Lag the Market
Mean
Annual Incentive
Year of Service
Mix
Compensable Factors
Job Family
Restricted Stock
Stock Option Incentive
Step Rates
Market Pricing
Hours of Work
Works Council
Compa-Ratio
Coefficient of Determination
Pay Grade
Market Based Salary Increase Budget
Benchmark Job
Sales Compensation
Salary Range
Cost of Labor
FICA
Geographic Differential
Merit Increase
Promotional Increase
Salary Structure Change
Median
Lead-Lag Pay Structure Policy
Internal Equity
Total Rewards
Percentile
Standard Error of Estimate
Minimum Wage
General Salary Increase
Black-Scholes Model Z
Market Index
Demotion
Consumer Price Index (CPI)
Standard Deviation
Job Evaluation
Red Circle Rate
Benchmarking
Individual Retirement Account (IRA)
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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