Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Asset
An asset is anything of value that is owned by an organization or an individual. Examples are cash, computer equipment, and investments. Assets can be any percentage of real property or of personal property that can be liquidated in order to pay debts. Assets are shown on the balance sheet of a company's Annual Statement.
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Pay Equity
Gender Pay Gap
Internal Equity
Range Spread
Turnover
Salary Structure Change
Geographic Differential
Mix
Long-Term Incentive Plan
Median
Merit Increase
Cost of Living
Compa-Ratio
Black-Scholes Model Z
Range
Range Penetration
Mean
Market Pricing
Year of Service
Aging Survey Data
Defined Contribution Plans
Minimum Wage
Market Based Salary Increase Budget
Bonus
Market Index
Salary Range
Works Council
Coefficient of Determination
Standard Deviation
Mode
Lump Sum Merit
Total Rewards
Pay Range Overlap
Percentile
Standard Error of Estimate
Consumer Price Index (CPI)
Restricted Stock
Pay Grade
Benchmark Job
Lead Pay Structure Policy
FICA
Salary Grade
Foreign Earned Income Exclusion
Stock Option Incentive
Lead-Lag Pay Structure Policy
Demotion
Broadbanding
Quartile
Linear Regression
Cost of Labor
Sales Compensation
Job Evaluation
Compensable Factors
Lag the Market
Red Circle Rate
Midpoint Progression
Job Family
Shift Differentials
Individual Retirement Account (IRA)
Promotional Increase
Benchmarking
Green Circle Rate
Step Rates
Hours of Work
General Salary Increase
Annual Incentive
Defined Benefit Plans
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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