Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
National Occupational Classification (NOC) System
The Canadian labor market classification system for jobs. Includes coding for duties, skills, interests, aptitudes, education requirements, and work settings.
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Geographic Differential
Aging Survey Data
Sales Compensation
Lead Pay Structure Policy
Salary Structure Change
Percentile
Pay Range Overlap
Lead-Lag Pay Structure Policy
Pay Grade
Year of Service
FICA
Green Circle Rate
Market Index
Merit Increase
Red Circle Rate
Internal Equity
Range
Bonus
Stock Option Incentive
Individual Retirement Account (IRA)
Consumer Price Index (CPI)
Coefficient of Determination
Shift Differentials
Benchmark Job
Broadbanding
Restricted Stock
Market Based Salary Increase Budget
Market Pricing
Black-Scholes Model Z
Lump Sum Merit
Step Rates
Range Spread
Total Rewards
Demotion
Mix
Mean
Hours of Work
Foreign Earned Income Exclusion
Defined Contribution Plans
Minimum Wage
Annual Incentive
Defined Benefit Plans
Compa-Ratio
Standard Error of Estimate
Works Council
Cost of Living
General Salary Increase
Job Family
Job Evaluation
Range Penetration
Cost of Labor
Compensable Factors
Gender Pay Gap
Linear Regression
Long-Term Incentive Plan
Quartile
Salary Range
Standard Deviation
Salary Grade
Benchmarking
Midpoint Progression
Median
Promotional Increase
Pay Equity
Mode
Lag the Market
Turnover
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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