Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Split Funding
The use of two or more funding agencies for the same pension plan. An arrangement whereby a portion of the contributions to the pension plan are paid to a life insurance company and the remainder of the contributions are invested through a corporate trustee, primarily in equities.
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Foreign Earned Income Exclusion
Mix
Quartile
Demotion
Lead-Lag Pay Structure Policy
Total Rewards
Individual Retirement Account (IRA)
Pay Grade
Cost of Labor
Works Council
Compa-Ratio
Market Index
Compensable Factors
Stock Option Incentive
Market Pricing
Job Evaluation
Salary Range
Broadbanding
Mode
Percentile
Linear Regression
Range Spread
General Salary Increase
Mean
Salary Structure Change
Promotional Increase
Pay Range Overlap
Internal Equity
Pay Equity
Range
Midpoint Progression
Year of Service
Sales Compensation
Lag the Market
Bonus
Shift Differentials
Hours of Work
Gender Pay Gap
Benchmark Job
Market Based Salary Increase Budget
Cost of Living
Green Circle Rate
Restricted Stock
Defined Contribution Plans
Salary Grade
Red Circle Rate
Lump Sum Merit
Job Family
Range Penetration
FICA
Step Rates
Merit Increase
Standard Deviation
Long-Term Incentive Plan
Standard Error of Estimate
Lead Pay Structure Policy
Median
Annual Incentive
Aging Survey Data
Minimum Wage
Turnover
Benchmarking
Consumer Price Index (CPI)
Black-Scholes Model Z
Coefficient of Determination
Geographic Differential
Defined Benefit Plans
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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