Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Summary Plan Description (SPD)
A requirement of ERISA for a written statement of a plan in an easy-to-read form, including a statement of eligibility, coverage, employee rights and appeal procedure. It is provided to participants, beneficiaries and, upon request, the Department of Labor.
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Job Family
Pay Equity
Mean
Total Rewards
Broadbanding
Lead-Lag Pay Structure Policy
Pay Range Overlap
Benchmark Job
Geographic Differential
Gender Pay Gap
Range Penetration
Compa-Ratio
Pay Grade
Coefficient of Determination
Red Circle Rate
Promotional Increase
Mix
Cost of Labor
Compensable Factors
Foreign Earned Income Exclusion
Long-Term Incentive Plan
Turnover
Market Pricing
Lag the Market
Individual Retirement Account (IRA)
Job Evaluation
Lead Pay Structure Policy
General Salary Increase
Minimum Wage
Range Spread
Percentile
Demotion
Merit Increase
Aging Survey Data
Salary Grade
Defined Contribution Plans
Range
Lump Sum Merit
Defined Benefit Plans
Green Circle Rate
Standard Deviation
Year of Service
Median
Standard Error of Estimate
Bonus
Benchmarking
Cost of Living
Annual Incentive
FICA
Works Council
Step Rates
Hours of Work
Sales Compensation
Market Index
Stock Option Incentive
Internal Equity
Shift Differentials
Midpoint Progression
Market Based Salary Increase Budget
Restricted Stock
Linear Regression
Salary Range
Quartile
Black-Scholes Model Z
Salary Structure Change
Mode
Consumer Price Index (CPI)
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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