Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Glass Ceiling Analysis
Refers to the analysis of how well (or poorly) women and minorities are doing at moving upwards in organizations. A Glass Ceiling Commission was authorized by law to study artificial barriers to the advancement of women and minorities in the workforce and to recommend means of overcoming such barriers.
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Linear Regression
Median
Hours of Work
Benchmarking
Red Circle Rate
Coefficient of Determination
Defined Benefit Plans
Black-Scholes Model Z
Midpoint Progression
Mix
Aging Survey Data
Defined Contribution Plans
Sales Compensation
Range Spread
Lump Sum Merit
FICA
Job Evaluation
Pay Grade
Long-Term Incentive Plan
Market Pricing
Cost of Living
Salary Structure Change
Stock Option Incentive
Minimum Wage
Year of Service
Annual Incentive
Internal Equity
Works Council
Individual Retirement Account (IRA)
General Salary Increase
Salary Range
Percentile
Pay Range Overlap
Broadbanding
Promotional Increase
Demotion
Market Index
Salary Grade
Cost of Labor
Benchmark Job
Green Circle Rate
Market Based Salary Increase Budget
Range Penetration
Geographic Differential
Bonus
Shift Differentials
Compa-Ratio
Foreign Earned Income Exclusion
Lead-Lag Pay Structure Policy
Gender Pay Gap
Consumer Price Index (CPI)
Lag the Market
Lead Pay Structure Policy
Mean
Step Rates
Job Family
Restricted Stock
Turnover
Range
Merit Increase
Compensable Factors
Mode
Standard Deviation
Standard Error of Estimate
Total Rewards
Pay Equity
Quartile
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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