Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Participating Policy
A type of insurance contract that pays dividends to the policy holder. These dividends are generated from the profits of the insurance company and are typically paid out on an annual basis over the life of the policy. Most policies also include a terminal payment that is paid out to the holder at the time the contract matures.
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Range Spread
Salary Grade
Lag the Market
Restricted Stock
Cost of Living
Red Circle Rate
Job Evaluation
Sales Compensation
Long-Term Incentive Plan
FICA
Annual Incentive
Gender Pay Gap
Lead Pay Structure Policy
Midpoint Progression
Aging Survey Data
Market Based Salary Increase Budget
Benchmarking
Green Circle Rate
Pay Range Overlap
Job Family
Standard Error of Estimate
Pay Grade
Compensable Factors
Hours of Work
Shift Differentials
Quartile
Range Penetration
Promotional Increase
Merit Increase
Percentile
Stock Option Incentive
Standard Deviation
General Salary Increase
Black-Scholes Model Z
Mix
Turnover
Works Council
Median
Cost of Labor
Foreign Earned Income Exclusion
Salary Structure Change
Defined Benefit Plans
Defined Contribution Plans
Linear Regression
Bonus
Mode
Demotion
Coefficient of Determination
Internal Equity
Year of Service
Pay Equity
Individual Retirement Account (IRA)
Consumer Price Index (CPI)
Compa-Ratio
Step Rates
Mean
Market Index
Total Rewards
Range
Geographic Differential
Lump Sum Merit
Broadbanding
Benchmark Job
Lead-Lag Pay Structure Policy
Market Pricing
Salary Range
Minimum Wage
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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