Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Cost of Labor

The process of establishing external pay practices, where information on labor market costs (total compensation amounts) are obtained from labor market competitors and relied upon when determining target total compensation opportunity.

To find keyword content within a course, select the course link below:

Course
Page Number
83 - Designing a Geographic Salary Structure
11
Previous

Cost of Increase in Future Year

Next

Cost of Living

POPULAR BLOGS

POPULAR BLOGS

Discover what ERI can do for you

See how our compensation management solutions can ensure your salary planning strategy is a success.

Schedule a personalized demo

WHITE PAPERS

Top Performing White Papers

National Compensation Forecast April 2026

Read More

Compensation Strategies for Remote Work and Organizational Culture – Fall 2025

Read More

Planning Global Compensation Budgets for 2026 - January 2026

Read More
View All White Papers