Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Excess Benefit Plans
Excess Benefit Plans are one form of non-qualified deferred compensation arrangements to supplement other retirement benefits for highly compensated executives. These plans are initiated in order to attract retain and attract motivated executives. They may also be used for early retirement, takeovers, and firing of top executives.
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Merit Increase
Range Spread
Step Rates
Stock Option Incentive
Benchmark Job
Cost of Labor
Individual Retirement Account (IRA)
Salary Range
Pay Grade
Mix
Compa-Ratio
Lag the Market
Shift Differentials
Promotional Increase
Range
Broadbanding
Lead-Lag Pay Structure Policy
Lump Sum Merit
Annual Incentive
Gender Pay Gap
Standard Deviation
Mean
Consumer Price Index (CPI)
Market Based Salary Increase Budget
Lead Pay Structure Policy
Internal Equity
Midpoint Progression
Hours of Work
Minimum Wage
Percentile
Foreign Earned Income Exclusion
General Salary Increase
Job Evaluation
Quartile
Mode
Long-Term Incentive Plan
Compensable Factors
Pay Equity
Coefficient of Determination
Median
Restricted Stock
Green Circle Rate
Market Pricing
Geographic Differential
Demotion
Linear Regression
Benchmarking
Salary Grade
Defined Contribution Plans
Year of Service
Aging Survey Data
Bonus
Standard Error of Estimate
Turnover
FICA
Defined Benefit Plans
Total Rewards
Range Penetration
Works Council
Pay Range Overlap
Red Circle Rate
Black-Scholes Model Z
Salary Structure Change
Market Index
Cost of Living
Sales Compensation
Job Family
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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.
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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