Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Annual Bonus
Usually a lump-sum payment (cash, shares, etc.) made once a year in addition to an employee's normal salary or wage for a fiscal or calendar year. Generally nondiscretionary and not based on predetermined performance criteria or standards.
Popular Searches
Quartile
Works Council
Internal Equity
Cost of Labor
Red Circle Rate
Hours of Work
Stock Option Incentive
Midpoint Progression
Geographic Differential
Bonus
Range
Pay Grade
Median
Job Evaluation
Pay Equity
Cost of Living
Linear Regression
Restricted Stock
Mean
Individual Retirement Account (IRA)
Foreign Earned Income Exclusion
Green Circle Rate
Long-Term Incentive Plan
Sales Compensation
Promotional Increase
Range Spread
Consumer Price Index (CPI)
Salary Grade
Merit Increase
Standard Deviation
Pay Range Overlap
Defined Contribution Plans
Turnover
Defined Benefit Plans
Lump Sum Merit
Minimum Wage
Lead Pay Structure Policy
Mode
Salary Range
Black-Scholes Model Z
Benchmark Job
Coefficient of Determination
Market Based Salary Increase Budget
Compensable Factors
Job Family
Market Index
Standard Error of Estimate
Compa-Ratio
Year of Service
Total Rewards
Mix
Aging Survey Data
Broadbanding
Market Pricing
Step Rates
Shift Differentials
General Salary Increase
Benchmarking
Salary Structure Change
Lag the Market
Lead-Lag Pay Structure Policy
FICA
Annual Incentive
Percentile
Range Penetration
Demotion
Gender Pay Gap
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
White Papers
Insights on Compensation
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
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