Compensation Glossary
ERI Economic Research Institute is pleased to provide an expanded and updated glossary of commonly used compensation terms and formulas for your ongoing reference.
Featured Definition
Performance CultureA performance culture encompasses the learned assumptions on which employees base their daily behavior (“the way things are done around here”). Culture drives the organization, its actions and results. A healthy performance culture is based on discipline. This discipline promotes decisiveness and standards of excellence and ensures direct accountability.
Performance Based VestingVesting that is dependent on specific performance requirements being met at certain points in time.
Performance Based Restricted StockRestricted shares of stock that are awarded to an executive and are contingent upon the attainment of internal or external performance goals or an increase in the price of the company stock.
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Common Compensation Terms and Formulas
- Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
- Salary structure formulas and strategies