Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Constructive
A tax principle for the determination of timing of tax liability, where there is a deferred payment. The law states that tax is to be imposed at the time when an individual reaches out to take the benefit.
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Long-Term Incentive Plan
Market Based Salary Increase Budget
Stock Option Incentive
Merit Increase
FICA
Cost of Labor
Black-Scholes Model Z
Geographic Differential
Restricted Stock
Median
Year of Service
Total Rewards
Job Evaluation
Lead-Lag Pay Structure Policy
Salary Structure Change
Minimum Wage
Salary Grade
Lag the Market
Hours of Work
Foreign Earned Income Exclusion
Lead Pay Structure Policy
Compa-Ratio
Mode
Coefficient of Determination
Defined Benefit Plans
Aging Survey Data
Compensable Factors
Demotion
Annual Incentive
Market Index
Range
Defined Contribution Plans
Promotional Increase
Step Rates
Cost of Living
Market Pricing
Red Circle Rate
Range Penetration
Pay Range Overlap
Benchmark Job
Midpoint Progression
Individual Retirement Account (IRA)
Salary Range
Quartile
Linear Regression
Mix
Mean
Pay Equity
Pay Grade
Range Spread
Turnover
Bonus
Green Circle Rate
Broadbanding
General Salary Increase
Standard Error of Estimate
Benchmarking
Standard Deviation
Job Family
Internal Equity
Works Council
Lump Sum Merit
Consumer Price Index (CPI)
Sales Compensation
Shift Differentials
Gender Pay Gap
Percentile
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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