Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Curtailment
An amendment to a pension plan significantly reducing plan benefits or employer contributions. Types of curtailments include a reduction of the expected years of service of present employees, and the elimination or reduction of the accrual of certain benefits for some or all of the future services of a significant count of employees.
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Compensable Factors
Sales Compensation
Range Spread
Year of Service
Green Circle Rate
Turnover
Cost of Living
Shift Differentials
Salary Grade
Job Evaluation
Lump Sum Merit
Mode
Long-Term Incentive Plan
Cost of Labor
Works Council
Broadbanding
Bonus
Pay Equity
Demotion
Geographic Differential
Quartile
Consumer Price Index (CPI)
Coefficient of Determination
Lag the Market
Stock Option Incentive
Standard Error of Estimate
Defined Benefit Plans
Market Based Salary Increase Budget
Red Circle Rate
Mean
Mix
Compa-Ratio
Gender Pay Gap
Internal Equity
Individual Retirement Account (IRA)
Benchmark Job
Midpoint Progression
Median
Minimum Wage
Pay Range Overlap
Total Rewards
Benchmarking
Restricted Stock
Merit Increase
Range
Job Family
Foreign Earned Income Exclusion
Step Rates
Standard Deviation
Promotional Increase
General Salary Increase
Lead-Lag Pay Structure Policy
Salary Range
Annual Incentive
Aging Survey Data
Range Penetration
Percentile
Hours of Work
Black-Scholes Model Z
Market Index
FICA
Salary Structure Change
Linear Regression
Market Pricing
Lead Pay Structure Policy
Defined Contribution Plans
Pay Grade
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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