Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Bond
A debt instrument issued for a period of more than one year with the intent of raising capital by borrowing. The Federal government, states, cities, corporations, and other types of institutions sell bonds. A bond is typically a promise to repay the principal loan along with interest on a specified date of maturity.
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Percentile
Sales Compensation
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Internal Equity
Long-Term Incentive Plan
Geographic Differential
Individual Retirement Account (IRA)
Job Family
Benchmark Job
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Compa-Ratio
Pay Range Overlap
Broadbanding
Job Evaluation
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Mix
Standard Deviation
Lag the Market
Cost of Living
Red Circle Rate
Lead-Lag Pay Structure Policy
Linear Regression
Quartile
Green Circle Rate
Merit Increase
Defined Contribution Plans
FICA
Midpoint Progression
Works Council
Compensable Factors
Market Based Salary Increase Budget
Stock Option Incentive
Market Pricing
Promotional Increase
Black-Scholes Model Z
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Consumer Price Index (CPI)
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Year of Service
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Demotion
Mean
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Cost of Labor
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Restricted Stock
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Step Rates
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Range Spread
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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