Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Attained Age Conversion
The changing of a life insurance policy from one form of insurance to another (such as from term life insurance to whole life insurance) at a premium rate that is based on the age the insured person has reached at the time the change takes place.
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Pay Range Overlap
Standard Error of Estimate
Consumer Price Index (CPI)
Aging Survey Data
Turnover
Merit Increase
Mean
FICA
Lead-Lag Pay Structure Policy
Cost of Living
Red Circle Rate
Percentile
Geographic Differential
Works Council
Annual Incentive
Defined Contribution Plans
Year of Service
Market Index
Salary Range
Coefficient of Determination
Market Based Salary Increase Budget
Defined Benefit Plans
Linear Regression
Pay Grade
Compensable Factors
Total Rewards
Lump Sum Merit
Salary Grade
Benchmark Job
Foreign Earned Income Exclusion
Compa-Ratio
Quartile
Promotional Increase
Job Evaluation
Standard Deviation
Restricted Stock
General Salary Increase
Gender Pay Gap
Mix
Broadbanding
Salary Structure Change
Midpoint Progression
Job Family
Bonus
Mode
Cost of Labor
Sales Compensation
Range
Lead Pay Structure Policy
Stock Option Incentive
Hours of Work
Median
Lag the Market
Demotion
Green Circle Rate
Step Rates
Individual Retirement Account (IRA)
Benchmarking
Long-Term Incentive Plan
Shift Differentials
Range Spread
Minimum Wage
Range Penetration
Black-Scholes Model Z
Internal Equity
Market Pricing
Pay Equity
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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