Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Stock
A certificate of ownership, a contract between the issuing corporation and the owner that gives the latter an interest in the management of the corporation, the right to participate in profits and, if the corporation is dissolved, a claim upon assets remaining from all debts that have been paid.
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Annual Incentive
Works Council
Internal Equity
General Salary Increase
Coefficient of Determination
Quartile
Year of Service
Range Spread
Percentile
Range
Lump Sum Merit
Mix
Range Penetration
Demotion
Step Rates
Standard Error of Estimate
Pay Grade
Median
Merit Increase
Stock Option Incentive
Cost of Labor
Pay Equity
Promotional Increase
Turnover
Market Pricing
Red Circle Rate
Foreign Earned Income Exclusion
Lag the Market
Job Family
Long-Term Incentive Plan
Standard Deviation
Individual Retirement Account (IRA)
Restricted Stock
Consumer Price Index (CPI)
Gender Pay Gap
Sales Compensation
Midpoint Progression
Salary Structure Change
Aging Survey Data
Market Index
Green Circle Rate
Job Evaluation
Hours of Work
Linear Regression
Broadbanding
Bonus
Defined Benefit Plans
Market Based Salary Increase Budget
Minimum Wage
Compa-Ratio
Mode
Defined Contribution Plans
FICA
Total Rewards
Geographic Differential
Shift Differentials
Salary Grade
Lead Pay Structure Policy
Benchmarking
Cost of Living
Benchmark Job
Compensable Factors
Black-Scholes Model Z
Lead-Lag Pay Structure Policy
Pay Range Overlap
Salary Range
Mean
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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