Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Excise Taxes
Excise taxes are a wide variety of taxes levied on employers for two main reasons. The first is as a penalty for failing to perform a required action or purposely or accidentally doing something wrong. The second type of excise tax is like a license to perform something. You pay for the privilege of having the right to do something. Most of these excise taxes have to do with the administration of benefit programs or taxes.
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Pay Equity
Foreign Earned Income Exclusion
Step Rates
Coefficient of Determination
Lump Sum Merit
Job Family
Standard Deviation
Merit Increase
Mean
Demotion
Market Based Salary Increase Budget
Defined Benefit Plans
Hours of Work
Salary Grade
Benchmarking
Percentile
Aging Survey Data
Stock Option Incentive
Market Index
Quartile
Range
Compa-Ratio
Consumer Price Index (CPI)
Defined Contribution Plans
Range Penetration
Compensable Factors
FICA
Job Evaluation
Total Rewards
Linear Regression
Geographic Differential
Restricted Stock
Midpoint Progression
Gender Pay Gap
Lead Pay Structure Policy
Black-Scholes Model Z
Green Circle Rate
Shift Differentials
Internal Equity
Benchmark Job
Lag the Market
Works Council
Promotional Increase
Salary Structure Change
Sales Compensation
Broadbanding
Salary Range
Standard Error of Estimate
Year of Service
Long-Term Incentive Plan
Market Pricing
Mix
Minimum Wage
Bonus
Range Spread
Cost of Labor
Red Circle Rate
Median
General Salary Increase
Lead-Lag Pay Structure Policy
Individual Retirement Account (IRA)
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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