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