Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Over Insurance Provision
In individual health insurance, the policy will specify that under certain situations the benefits will be reduced if the employee has more insurance that what is necessary to pay for medical expenses, or in the event that disability income may exceed the insured's predisability earnings.
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Bonus
Standard Deviation
Compa-Ratio
Foreign Earned Income Exclusion
Pay Equity
Mean
Green Circle Rate
Annual Incentive
Coefficient of Determination
Benchmark Job
Lump Sum Merit
Works Council
Individual Retirement Account (IRA)
Pay Range Overlap
Cost of Living
Hours of Work
Standard Error of Estimate
Defined Benefit Plans
Geographic Differential
Year of Service
Market Based Salary Increase Budget
Merit Increase
Defined Contribution Plans
Market Pricing
Internal Equity
Mode
Midpoint Progression
Range Spread
Quartile
Shift Differentials
Broadbanding
Linear Regression
Median
Lead Pay Structure Policy
Job Evaluation
Turnover
Cost of Labor
Total Rewards
Black-Scholes Model Z
Demotion
Long-Term Incentive Plan
Gender Pay Gap
Lead-Lag Pay Structure Policy
Mix
Restricted Stock
Salary Grade
Lag the Market
Market Index
Pay Grade
Stock Option Incentive
Job Family
Salary Range
Red Circle Rate
Step Rates
Consumer Price Index (CPI)
Percentile
Benchmarking
Promotional Increase
Range Penetration
Aging Survey Data
Salary Structure Change
Range
Compensable Factors
FICA
General Salary Increase
Sales Compensation
Minimum Wage
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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