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Glossary

ERI Economic Research Institute is pleased to provide an expanded and updated glossary of commonly used compensation terms and formulas for your ongoing reference

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Get Our Expanded Glossary White Paper

The updated and expanded Common Compensation Terms & Formulas white paper includes definitions and formulas for the following terms:

  • Aging Salary Survey Data
  • Annual Incentive Plan
  • Benchmark Jobs
  • Bonus
  • Broadbands
  • Budgeting – Promotional Increases
  • Coefficient of Determination
  • Compa-Ratio
  • Compensation Mix
  • Defined Benefit Plan – IRS Limit
  • Defined Contribution Plan – IRS
  • Limits
  • Excel Pivot Chart – Displaying an Equation
  • Excel Rate Formula
  • FICA Taxation
  • Grandfathering
  • Green-Circled Employees
  • Gross Up
  • Hours of Work
  • Individual Retirement Account (IRA) – IRS Limits
  • IRS Standard Mileage Rate
  • Job Evaluation – Market Pricing
  • Lag the Market
  • Lead-Lag the Market
  • Lead the Market
  • Linear Regression Analysis
  • Long-Term Incentive Plan
  • Lump-Sum Merit
  • Market-Based Salary Structures
  • Market Pricing
  • Market Ratio
  • Maximum
  • Mean
  • Median
  • Medicare Tax
  • Merit Carve Out
  • Merit Increase
  • Mileage Rates
  • Minimum
  • Mode
  • Monthly Equivalent – Hours of Work On Target Earnings
  • Percentile
  • Promotional Budgets
  • Quartiles
  • R Squared Range
  • Range Spread
  • Red-Circled Employees
  • Restricted Stock
  • Salary Range
  • Salary Range – Employee
  • Placement
  • Salary Range Maximum
  • Salary Range Midpoint Progression
  • Salary Range Minimum
  • Salary Range Minimum and Maximum Formula
  • Salary Range Overlap
  • Salary Range Penetration
  • Salary Range Spread
  • Salary Range Spread on Either Side of Midpoint
  • Salary Structure Adjustment
  • Salary Structure Design
  • Salary Structure Strategies
  • Salary Structure Types
  • Salary Survey – Annual
  • Salary Survey – Crowdsourced
  • Salary Survey – Evergreen
  • Social Security Taxes
  • Standard Deviation
  • Standard Error
  • Step Structures
  • Stock Options
  • Traditional Graded Salary Structure
  • Unweighted Average
  • Weighted Average
  • Weighting Survey Data
  • Yearly Equivalent – Hours of Work