Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Par Value
Par value for stock is the price at which a company's shares were initially offered up for sale. The intent of par value is that prospective investors be assured that an issuing company would not issue shares at a price below that par value. That said, par value is usually set at a minimal (pennies) amount, because some state laws still require that a company cannot sell shares below the par value; by setting the par value extremely low, a company can avoid any trouble with future stock sales if its shares begin to sell in the penny stock range.
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Compensable Factors
Percentile
Year of Service
Lead-Lag Pay Structure Policy
Midpoint Progression
Internal Equity
Gender Pay Gap
Individual Retirement Account (IRA)
Mix
Lag the Market
Restricted Stock
Green Circle Rate
Geographic Differential
Turnover
Hours of Work
Mean
Range
Lead Pay Structure Policy
Minimum Wage
Long-Term Incentive Plan
Range Spread
Mode
Salary Grade
Merit Increase
Defined Contribution Plans
General Salary Increase
Job Family
Works Council
Foreign Earned Income Exclusion
Lump Sum Merit
Cost of Labor
Sales Compensation
Standard Error of Estimate
Market Index
Demotion
Pay Range Overlap
Benchmark Job
Defined Benefit Plans
Market Based Salary Increase Budget
Stock Option Incentive
Step Rates
Consumer Price Index (CPI)
Pay Equity
Salary Structure Change
Median
Broadbanding
Salary Range
Black-Scholes Model Z
Total Rewards
Job Evaluation
Cost of Living
FICA
Linear Regression
Compa-Ratio
Market Pricing
Range Penetration
Red Circle Rate
Bonus
Coefficient of Determination
Aging Survey Data
Quartile
Shift Differentials
Pay Grade
Annual Incentive
Benchmarking
Standard Deviation
Promotional Increase
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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