Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Keogh Act
The Self-Employed Individuals Tax Retirement Act of 1962 (also called HR-10 or the Keogh Act), and its subsequent amendments, made it possible for owner-employees of unincorporated businesses and other self-employed persons to be covered under qualified retirement plans.
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Broadbanding
Salary Range
Pay Equity
Quartile
Standard Deviation
Internal Equity
Lead Pay Structure Policy
Mix
Defined Contribution Plans
Mode
Mean
Market Based Salary Increase Budget
Geographic Differential
Compa-Ratio
Cost of Living
Lump Sum Merit
Benchmark Job
Percentile
Minimum Wage
Range Penetration
Foreign Earned Income Exclusion
Bonus
Total Rewards
Year of Service
Step Rates
Individual Retirement Account (IRA)
Market Index
Pay Range Overlap
Green Circle Rate
Consumer Price Index (CPI)
Gender Pay Gap
Range
Aging Survey Data
Compensable Factors
Lag the Market
Demotion
Range Spread
Merit Increase
Standard Error of Estimate
Median
Turnover
Restricted Stock
Cost of Labor
Job Family
Midpoint Progression
General Salary Increase
Works Council
Annual Incentive
Promotional Increase
Red Circle Rate
Long-Term Incentive Plan
Salary Structure Change
Lead-Lag Pay Structure Policy
Stock Option Incentive
Shift Differentials
Linear Regression
Job Evaluation
Sales Compensation
Defined Benefit Plans
Benchmarking
Coefficient of Determination
FICA
Black-Scholes Model Z
Market Pricing
Hours of Work
Pay Grade
Salary Grade
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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