Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Individual Account Plan
A defined contribution plan or profit-sharing plan that provides an individual account for each participant, allows participants to choose, from a broad range of investment options, how their accounts will be invested, and whose benefits are based solely on the amount contributed to the participant's account, including income, expenses, gains and losses. Defined contribution retirement plans such, as 401(k) plans are examples of individual account plans.
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Gender Pay Gap
Shift Differentials
Green Circle Rate
Defined Benefit Plans
Long-Term Incentive Plan
Pay Range Overlap
Market Pricing
Pay Equity
Lead-Lag Pay Structure Policy
Range Penetration
Market Index
Bonus
Linear Regression
Cost of Living
Hours of Work
Quartile
Mix
Lag the Market
Turnover
Mean
Year of Service
Red Circle Rate
Merit Increase
Internal Equity
Compensable Factors
Midpoint Progression
Salary Range
Geographic Differential
Benchmarking
Mode
Aging Survey Data
Coefficient of Determination
Standard Error of Estimate
Lead Pay Structure Policy
Lump Sum Merit
Benchmark Job
Step Rates
Sales Compensation
Job Family
Salary Structure Change
Foreign Earned Income Exclusion
Total Rewards
Range Spread
FICA
Percentile
Pay Grade
Promotional Increase
Defined Contribution Plans
Compa-Ratio
Broadbanding
Minimum Wage
Annual Incentive
Demotion
Cost of Labor
Works Council
Market Based Salary Increase Budget
Black-Scholes Model Z
Median
General Salary Increase
Salary Grade
Standard Deviation
Consumer Price Index (CPI)
Range
Individual Retirement Account (IRA)
Restricted Stock
Job Evaluation
Stock Option 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