Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Accumulation Value
This is the cash accumulation component of an annuity, universal life insurance policy or variable life insurance policy. The accumulation value reflects all premiums received, all withdrawals made, all expenses charged, as well as the cost of insurance deducted and interest credited.
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Annual Incentive
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General Salary Increase
Aging Survey Data
Year of Service
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Bonus
Standard Deviation
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Cost of Labor
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Percentile
Lead Pay Structure Policy
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Restricted Stock
Red Circle Rate
Promotional Increase
Step Rates
Linear Regression
Defined Contribution Plans
Pay Range Overlap
Black-Scholes Model Z
Standard Error of Estimate
Merit Increase
Range
Internal Equity
Foreign Earned Income Exclusion
Mode
Turnover
Individual Retirement Account (IRA)
Quartile
Defined Benefit Plans
FICA
Salary Grade
Long-Term Incentive Plan
Gender Pay Gap
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Consumer Price Index (CPI)
Median
Pay Equity
Job Family
Compa-Ratio
Benchmarking
Lead-Lag Pay Structure Policy
Green Circle Rate
Stock Option Incentive
Range Spread
Midpoint Progression
Hours of Work
Lag the Market
Total Rewards
Market Index
Compensable Factors
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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