Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Directors Fees
Directors fees are fees received by Directors from a Corporation for services rendered. In a situation where a Director is not an actual employee of a company, the fees are considered to be self employment income for tax purposes and must be reported to the IRS.
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Internal Equity
Median
Mode
Geographic Differential
Red Circle Rate
Promotional Increase
Pay Equity
Salary Grade
Range Spread
Bonus
Job Family
Pay Grade
Market Based Salary Increase Budget
Range
Linear Regression
Works Council
Mix
Green Circle Rate
Gender Pay Gap
Black-Scholes Model Z
Coefficient of Determination
Midpoint Progression
Stock Option Incentive
Annual Incentive
Benchmark Job
Salary Structure Change
Cost of Labor
Salary Range
Market Pricing
Market Index
Defined Contribution Plans
Minimum Wage
Percentile
FICA
Compa-Ratio
Demotion
Lump Sum Merit
Sales Compensation
Shift Differentials
Pay Range Overlap
Benchmarking
Standard Deviation
Long-Term Incentive Plan
Job Evaluation
Aging Survey Data
Turnover
Foreign Earned Income Exclusion
Lead-Lag Pay Structure Policy
Quartile
Range Penetration
Restricted Stock
Individual Retirement Account (IRA)
Year of Service
General Salary Increase
Cost of Living
Broadbanding
Total Rewards
Step Rates
Mean
Consumer Price Index (CPI)
Lag the Market
Hours of Work
Compensable Factors
Lead Pay Structure Policy
Standard Error of Estimate
Defined Benefit Plans
Merit Increase
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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