Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Pension Trust Fund
A fund that is made up of money that has been contributed to by both the employer and the employee for pension benefits. A trustee takes the funds and invests the money, collects the earnings and interest and distributes the benefits.
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Defined Contribution Plans
Long-Term Incentive Plan
FICA
Aging Survey Data
Step Rates
Individual Retirement Account (IRA)
Pay Range Overlap
Compa-Ratio
Market Index
Mix
Restricted Stock
Lag the Market
Cost of Labor
Total Rewards
Market Pricing
Pay Grade
Demotion
Standard Error of Estimate
Broadbanding
Lump Sum Merit
Stock Option Incentive
Benchmarking
Annual Incentive
Shift Differentials
Market Based Salary Increase Budget
Foreign Earned Income Exclusion
Job Evaluation
Salary Structure Change
Midpoint Progression
Range
Linear Regression
Standard Deviation
Range Spread
Median
Cost of Living
Salary Grade
Green Circle Rate
Quartile
Salary Range
Range Penetration
Red Circle Rate
Job Family
Defined Benefit Plans
Turnover
Sales Compensation
Merit Increase
Lead Pay Structure Policy
Black-Scholes Model Z
Benchmark Job
Mean
Mode
Bonus
Geographic Differential
Coefficient of Determination
General Salary Increase
Pay Equity
Minimum Wage
Works Council
Gender Pay Gap
Hours of Work
Consumer Price Index (CPI)
Promotional Increase
Year of Service
Percentile
Internal Equity
Lead-Lag Pay Structure Policy
Compensable Factors
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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