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

Seniority

Determined by the number of years that an employee has worked for a particular employer. Seniority is frequently the basis for benefits and privileges. The term is sometimes used to express the amount of time spent working for a division or in a specific occupation.

Previous

Senior Professional in Human Resources (SPHR)

Next

Separate Account

POPULAR BLOGS

POPULAR BLOGS

ERI's 2026 Benefits Benchmarking Survey Highlights

Read More

United States and Canada Minimum Wage Updates - June 2026

Read More

Do Geographic Pay Differentials Account for Inflation?

Read More

View All Blogs

Explore Compensation Solutions

Pay Equity

Salary Survey Management

Shift Differentials

View All Solutions

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

Popular Searches

Log In / Log On Personal Producing General Agency (PPGA) System Headquarters Country Compa-Ratio Total Annual Cash Compensation Current Assumption Whole Life Insurance Class Beneficiary Designation Cost of Living Allowance (COLA) Retired Lives Reserve Minimum Premium Plan (MPP)

Featured White Paper

Common Compensation Terms and Formulas - January 2026

Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
Salary structure formulas and strategies

Download Now