Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Qualifying Event
An event that qualifies a participant and dependents to be eligible for COBRA. This event may be a termination of employment (or a reduction in hours), divorce or legal separation, death of a covered employee, a dependent child's loss of dependent status, a covered employee's eligibility for Medicare or loss of coverage due to the employer's filing of a bankruptcy proceeding.
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Range Spread
Percentile
Lead Pay Structure Policy
Foreign Earned Income Exclusion
Red Circle Rate
Mean
Promotional Increase
Hours of Work
Minimum Wage
Mix
Total Rewards
Bonus
Quartile
Salary Range
Market Pricing
Cost of Living
Step Rates
Defined Contribution Plans
Geographic Differential
General Salary Increase
Compensable Factors
Defined Benefit Plans
Benchmark Job
Mode
Range Penetration
Pay Equity
Salary Structure Change
Lag the Market
Job Family
Market Based Salary Increase Budget
Lead-Lag Pay Structure Policy
Consumer Price Index (CPI)
Pay Range Overlap
Sales Compensation
Merit Increase
Gender Pay Gap
Green Circle Rate
FICA
Long-Term Incentive Plan
Midpoint Progression
Annual Incentive
Turnover
Benchmarking
Linear Regression
Restricted Stock
Compa-Ratio
Pay Grade
Broadbanding
Stock Option Incentive
Cost of Labor
Internal Equity
Standard Error of Estimate
Salary Grade
Year of Service
Coefficient of Determination
Individual Retirement Account (IRA)
Range
Market Index
Aging Survey Data
Black-Scholes Model Z
Works Council
Shift Differentials
Median
Standard Deviation
Lump Sum Merit
Job Evaluation
Demotion
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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
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