Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Military Service Payments
A salary payment agreement between an employee and employer when the employee is involved in such temporary duties as the National Guard or Reserve. The arrangement may include the employer paying full regular salary or the difference between that when involved in active status and regular duty.
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Defined Contribution Plans
Bonus
Range Penetration
Standard Error of Estimate
Works Council
Year of Service
Median
Quartile
Restricted Stock
Compa-Ratio
Promotional Increase
Cost of Living
Gender Pay Gap
Demotion
General Salary Increase
Pay Range Overlap
Stock Option Incentive
Total Rewards
Salary Structure Change
Compensable Factors
Geographic Differential
Mean
Lead Pay Structure Policy
Step Rates
Benchmark Job
Black-Scholes Model Z
Benchmarking
Salary Grade
Market Index
Red Circle Rate
Long-Term Incentive Plan
Hours of Work
Market Based Salary Increase Budget
Percentile
Individual Retirement Account (IRA)
Lag the Market
Consumer Price Index (CPI)
Internal Equity
Midpoint Progression
Linear Regression
Aging Survey Data
Lump Sum Merit
Turnover
Standard Deviation
Coefficient of Determination
Salary Range
Cost of Labor
Job Evaluation
Pay Equity
Lead-Lag Pay Structure Policy
Mix
Annual Incentive
Market Pricing
Minimum Wage
Sales Compensation
Shift Differentials
Foreign Earned Income Exclusion
Mode
Defined Benefit Plans
Green Circle Rate
FICA
Range
Merit Increase
Broadbanding
Job Family
Range Spread
Pay Grade
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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
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