Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
F Statement No. 88
Statement 88 determines accounting requirements for employers whose defined benefit pension plans have been limited and or terminated, or who have experience other unusual events, (e.g., settlement of a pension obligation through a lump-sum payment of benefits to a plan beneficiary.
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Market Index
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Pay Grade
Total Rewards
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Cost of Living
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Percentile
Foreign Earned Income Exclusion
Annual Incentive
Market Pricing
Job Evaluation
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Individual Retirement Account (IRA)
Green Circle Rate
Range Spread
Consumer Price Index (CPI)
Coefficient of Determination
Long-Term Incentive Plan
Mix
Median
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Turnover
Quartile
Linear Regression
Restricted Stock
Bonus
Year of Service
Mode
Shift Differentials
Step Rates
General Salary Increase
FICA
Midpoint Progression
Stock Option Incentive
Salary Grade
Standard Deviation
Cost of Labor
Gender Pay Gap
Defined Contribution Plans
Hours of Work
Lag the Market
Salary Structure Change
Pay Range Overlap
Job Family
Internal Equity
Promotional Increase
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Standard Error of Estimate
Lead Pay Structure Policy
Black-Scholes Model Z
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Range Penetration
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Lead-Lag Pay Structure Policy
Red Circle Rate
Market Based Salary Increase Budget
Works Council
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Sales Compensation
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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