Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Sick Leave
Sick leave means providing pay for employees when they are not working due to illness or injury. In developing a sick leave policy the following points need to be considered: (1) When are employees eligible? (2) Will proof of illness be required? (3) What pay schedule will be used and will the employee receive full pay? (4) How much sick leave can be accumulated and what is done about unused sick leave? (5) May sick leave be used for taking care of family members?
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Percentile
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Defined Benefit Plans
Individual Retirement Account (IRA)
Demotion
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Market Based Salary Increase Budget
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Works Council
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Broadbanding
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Mode
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Lump Sum Merit
Defined Contribution Plans
Gender Pay Gap
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Market Index
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Promotional Increase
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Bonus
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FICA
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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