Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Room and Board
To receive room and board benefits tax free, the employee must: (1) be on temporary assignment, (2) be at a work site too far away to return home nightly, (3) be on an assignment for more than 36 hours, (4) have a permanent residence elsewhere, and (5) this residence must be available for his/her use.
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Minimum Wage
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Defined Benefit Plans
Lag the Market
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Broadbanding
Total Rewards
Mix
Works Council
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Compa-Ratio
Cost of Labor
Demotion
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Market Based Salary Increase Budget
Individual Retirement Account (IRA)
Merit Increase
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Foreign Earned Income Exclusion
Salary Grade
Linear Regression
Gender Pay Gap
Internal Equity
Red Circle Rate
Benchmarking
Market Pricing
Percentile
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Lump Sum Merit
Restricted Stock
Year of Service
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Defined Contribution Plans
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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