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