Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Clubs
Employers may find it useful to pay for an employee's membership in clubs and professional organizations. Reasons for doing so would include the contacts made by the employee, the knowledge gained, the community perspective, or growth of the employee.
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Market Pricing
Salary Range
FICA
Linear Regression
Job Evaluation
Broadbanding
Foreign Earned Income Exclusion
Mode
Pay Equity
Standard Deviation
Defined Benefit Plans
Market Based Salary Increase Budget
Black-Scholes Model Z
Mean
Demotion
Step Rates
Lead-Lag Pay Structure Policy
Lead Pay Structure Policy
Long-Term Incentive Plan
Salary Grade
Benchmark Job
Percentile
Benchmarking
Range Spread
Green Circle Rate
Aging Survey Data
Pay Grade
Promotional Increase
Stock Option Incentive
Red Circle Rate
Year of Service
Quartile
Lump Sum Merit
Total Rewards
Annual Incentive
Individual Retirement Account (IRA)
Minimum Wage
Market Index
Salary Structure Change
Gender Pay Gap
Coefficient of Determination
Bonus
Shift Differentials
Compa-Ratio
Pay Range Overlap
Defined Contribution Plans
Job Family
Internal Equity
Works Council
Turnover
Compensable Factors
Sales Compensation
Restricted Stock
Midpoint Progression
Geographic Differential
Cost of Living
Mix
Range Penetration
Cost of Labor
Consumer Price Index (CPI)
Median
Lag the Market
Range
General Salary Increase
Standard Error of Estimate
Hours of Work
Merit Increase
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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
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