Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Common Shares
Used to describe the units of equity ownership in a corporation or units of ownership in a mutual fund. Usually, these will have voting rights and sometimes dividends attached to them. The appreciation and the dividends are neither fixed nor guaranteed.
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Red Circle Rate
Median
Sales Compensation
Turnover
Market Pricing
Linear Regression
Midpoint Progression
Mix
Restricted Stock
Defined Contribution Plans
Salary Range
Compensable Factors
Range Spread
Annual Incentive
Foreign Earned Income Exclusion
Green Circle Rate
Merit Increase
Gender Pay Gap
Benchmarking
Percentile
Step Rates
Job Evaluation
Bonus
Market Based Salary Increase Budget
Range
Mean
Aging Survey Data
General Salary Increase
Hours of Work
Standard Deviation
Promotional Increase
Individual Retirement Account (IRA)
Geographic Differential
Benchmark Job
Lead-Lag Pay Structure Policy
Cost of Living
Total Rewards
Shift Differentials
Lag the Market
Cost of Labor
Coefficient of Determination
Standard Error of Estimate
Range Penetration
Minimum Wage
Demotion
Year of Service
Job Family
Stock Option Incentive
Black-Scholes Model Z
Pay Grade
Salary Structure Change
FICA
Internal Equity
Lead Pay Structure Policy
Consumer Price Index (CPI)
Broadbanding
Lump Sum Merit
Quartile
Defined Benefit Plans
Salary Grade
Mode
Pay Range Overlap
Market Index
Works Council
Long-Term Incentive Plan
Pay Equity
Compa-Ratio
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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