Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Junk Bonds
Bonds that are initially issued as low-quality securities, often in conjunction with takeovers, leveraged buyouts and restructurings. They offer high interest and high risk. These securities generally lack the characteristics of a desirable investment. The rights of the bondholder are subordinated to senior debt holders. Assurance of interest and principal payments in the future is limited. Repayment often depends on asset sales rather than on the ongoing profitability of the business.
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Total Rewards
Green Circle Rate
Bonus
Annual Incentive
Job Evaluation
Gender Pay Gap
Hours of Work
Market Index
Merit Increase
Lump Sum Merit
Standard Error of Estimate
Restricted Stock
Stock Option Incentive
Lead-Lag Pay Structure Policy
Compa-Ratio
Broadbanding
Range
Salary Grade
Range Spread
Works Council
Mean
Pay Range Overlap
Percentile
Long-Term Incentive Plan
Defined Contribution Plans
Linear Regression
Geographic Differential
Pay Grade
Year of Service
Sales Compensation
Lead Pay Structure Policy
Shift Differentials
Pay Equity
Turnover
Internal Equity
Quartile
Promotional Increase
Standard Deviation
Mix
Step Rates
Market Based Salary Increase Budget
Red Circle Rate
Minimum Wage
Foreign Earned Income Exclusion
Black-Scholes Model Z
Individual Retirement Account (IRA)
Cost of Labor
Consumer Price Index (CPI)
Range Penetration
Coefficient of Determination
Market Pricing
Defined Benefit Plans
Salary Range
Aging Survey Data
Cost of Living
FICA
General Salary Increase
Lag the Market
Median
Compensable Factors
Demotion
Mode
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Benchmarking
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Salary Structure Change
Benchmark Job
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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