Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Preferred Stock
Preferred stock (also called preferred shares) is a class of ownership in a corporation that has a higher claim on the assets and earnings than common stock. Preferred stock generally have a dividend that must be paid out before dividends to common stockholders.
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Pay Range Overlap
Bonus
Lead-Lag Pay Structure Policy
Green Circle Rate
FICA
Demotion
Year of Service
Lump Sum Merit
Restricted Stock
Standard Error of Estimate
Cost of Living
Geographic Differential
Gender Pay Gap
Merit Increase
Range Penetration
Internal Equity
Sales Compensation
Market Pricing
Cost of Labor
Market Based Salary Increase Budget
Salary Range
Lead Pay Structure Policy
Foreign Earned Income Exclusion
General Salary Increase
Aging Survey Data
Compensable Factors
Step Rates
Percentile
Linear Regression
Works Council
Long-Term Incentive Plan
Lag the Market
Median
Quartile
Individual Retirement Account (IRA)
Shift Differentials
Black-Scholes Model Z
Stock Option Incentive
Annual Incentive
Salary Structure Change
Salary Grade
Range Spread
Standard Deviation
Pay Grade
Defined Benefit Plans
Range
Mode
Market Index
Job Family
Benchmarking
Benchmark Job
Mix
Midpoint Progression
Pay Equity
Job Evaluation
Total Rewards
Defined Contribution Plans
Mean
Hours of Work
Red Circle Rate
Compa-Ratio
Broadbanding
Consumer Price Index (CPI)
Minimum Wage
Turnover
Coefficient of Determination
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