Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Premature Distribution
A withdrawal prior to the age 59 1/2 from a qualified retirement plan. There are certain circumstances that will allow the distribution if specific requirements are met. If these requirements are not met there usually is a penalty associated with the distribution.
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Range Penetration
Long-Term Incentive Plan
Job Family
Range Spread
Pay Grade
Market Index
Stock Option Incentive
Compensable Factors
Gender Pay Gap
Benchmarking
Percentile
Compa-Ratio
Median
Total Rewards
Job Evaluation
Benchmark Job
Step Rates
Mean
Turnover
Defined Contribution Plans
Sales Compensation
Cost of Labor
Annual Incentive
Geographic Differential
Lump Sum Merit
Hours of Work
Aging Survey Data
Shift Differentials
Lag the Market
Green Circle Rate
Standard Deviation
Midpoint Progression
Demotion
Foreign Earned Income Exclusion
Defined Benefit Plans
Promotional Increase
Cost of Living
Standard Error of Estimate
Market Pricing
Market Based Salary Increase Budget
Internal Equity
Bonus
Works Council
Minimum Wage
Merit Increase
Linear Regression
Range
Pay Range Overlap
Restricted Stock
Broadbanding
Black-Scholes Model Z
Mix
Consumer Price Index (CPI)
Lead Pay Structure Policy
Quartile
Red Circle Rate
Mode
Individual Retirement Account (IRA)
Salary Grade
FICA
Lead-Lag Pay Structure Policy
Salary Structure Change
Salary Range
Year of Service
Pay Equity
General Salary Increase
Coefficient of Determination
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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