Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Standard Occupational Code (SOC)

The SOC is a system used by statistical agencies to categorize workers into occupational groups so as to collect, calculate, and disseminate data. Workers are grouped into a particular classification of occupation (of which there are over 840) depending on their definition. To make classification easier, occupations are combined so as to form 23 main groups, 97 sub-groups and 461 broad categories of occupations.

Previous

Standard Nonforfeiture Law

Next

Standard Plan Termination

POPULAR BLOGS

POPULAR BLOGS

Discover what ERI can do for you

See how our compensation management solutions can ensure your salary planning strategy is a success.

Schedule a personalized demo

WHITE PAPERS

Top Performing White Papers

National Compensation Forecast April 2026

Read More

Compensation Strategies for Remote Work and Organizational Culture – Fall 2025

Read More

Planning Global Compensation Budgets for 2026 - January 2026

Read More
View All White Papers