Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Equity
Several definitions: 1) In legal terms, equity came about as a means or righting wrongs not recognized / or provided for under the British Common Law. (2) The word equity is often used to describe ownership in stock or other forms of securities. (3) In terms of accounting, equity may be used to describe the percentage by which a company's assets exceed the company's liabilities. (4) Also, in terms of accounting, equity is used to describe investments of business owners in a business.
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Red Circle Rate
Broadbanding
Pay Grade
Salary Structure Change
Cost of Living
Mean
Merit Increase
Salary Grade
FICA
Pay Equity
Defined Benefit Plans
Benchmark Job
Green Circle Rate
Foreign Earned Income Exclusion
Salary Range
Defined Contribution Plans
Individual Retirement Account (IRA)
Bonus
Year of Service
Coefficient of Determination
Compa-Ratio
Lag the Market
Lead Pay Structure Policy
Promotional Increase
Market Index
Median
Range
Market Based Salary Increase Budget
Percentile
Aging Survey Data
Total Rewards
Job Evaluation
Standard Error of Estimate
Pay Range Overlap
Restricted Stock
Gender Pay Gap
Lump Sum Merit
Standard Deviation
Demotion
Consumer Price Index (CPI)
Benchmarking
Range Penetration
Compensable Factors
Quartile
Range Spread
Step Rates
Turnover
Works Council
Cost of Labor
Shift Differentials
Job Family
Mode
Minimum Wage
Geographic Differential
General Salary Increase
Lead-Lag Pay Structure Policy
Midpoint Progression
Market Pricing
Internal Equity
Long-Term Incentive Plan
Hours of Work
Linear Regression
Annual Incentive
Sales Compensation
Stock Option Incentive
Black-Scholes Model Z
Mix
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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