Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
FICA
The Federal Insurance Contributions Act established the payroll deduction of OASDI and Medicare taxes from employers and employees. Under Chapter 9 of the Internal Revenue Code of 1939 and Subchapters A and B of Chapter 21 of the Internal Revenue Code of 1954, as such codes have been and may from time to time be amended.
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Broadbanding
Market Index
Cost of Labor
Compa-Ratio
Minimum Wage
Individual Retirement Account (IRA)
Defined Contribution Plans
Job Family
Demotion
Step Rates
Hours of Work
Consumer Price Index (CPI)
Lead-Lag Pay Structure Policy
Standard Deviation
Mix
Long-Term Incentive Plan
Median
Turnover
FICA
Salary Grade
Market Pricing
Shift Differentials
Cost of Living
Internal Equity
Year of Service
Mean
Coefficient of Determination
Pay Grade
Red Circle Rate
Standard Error of Estimate
Promotional Increase
Quartile
Mode
Range Spread
Aging Survey Data
Defined Benefit Plans
Gender Pay Gap
Bonus
Lead Pay Structure Policy
Salary Range
Sales Compensation
Pay Range Overlap
Percentile
Market Based Salary Increase Budget
Benchmarking
Range Penetration
General Salary Increase
Benchmark Job
Job Evaluation
Linear Regression
Lump Sum Merit
Pay Equity
Stock Option Incentive
Foreign Earned Income Exclusion
Salary Structure Change
Black-Scholes Model Z
Midpoint Progression
Total Rewards
Lag the Market
Green Circle Rate
Works Council
Compensable Factors
Restricted Stock
Merit Increase
Geographic Differential
Range
Annual Incentive
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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