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