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