Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Assessment Method
An early method of funding life insurance where members of the plan were charged in advance for the amount of money that the administrators estimated would be needed to pay each year's death claims. Also called the pre-death assessment method.
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Range Spread
Job Family
Consumer Price Index (CPI)
Salary Range
Promotional Increase
Defined Benefit Plans
Market Pricing
Year of Service
Range
Defined Contribution Plans
Salary Grade
Pay Equity
Compensable Factors
Pay Grade
Broadbanding
Geographic Differential
Standard Deviation
Stock Option Incentive
Merit Increase
FICA
Internal Equity
Mean
Works Council
Demotion
Cost of Living
Mix
Annual Incentive
Benchmark Job
Step Rates
Sales Compensation
Turnover
Restricted Stock
Shift Differentials
Percentile
Lead Pay Structure Policy
Red Circle Rate
Lump Sum Merit
Long-Term Incentive Plan
Pay Range Overlap
Linear Regression
Job Evaluation
Salary Structure Change
Quartile
Compa-Ratio
Green Circle Rate
Foreign Earned Income Exclusion
Market Based Salary Increase Budget
Standard Error of Estimate
Bonus
Median
Lag the Market
Aging Survey Data
Range Penetration
Hours of Work
Cost of Labor
Total Rewards
Gender Pay Gap
Market Index
Minimum Wage
General Salary Increase
Lead-Lag Pay Structure Policy
Coefficient of Determination
Mode
Benchmarking
Black-Scholes Model Z
Midpoint Progression
Individual Retirement Account (IRA)
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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