Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Average Percent Increase
Calculated by dividing the sum of salary increase amounts for all eligible employees by the eligible payroll. Both the numerator and the denominator include those who were eligible and participated but received no increase.
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Median
Long-Term Incentive Plan
Foreign Earned Income Exclusion
Market Based Salary Increase Budget
Benchmark Job
Salary Range
Red Circle Rate
Range Penetration
Standard Deviation
Cost of Labor
Stock Option Incentive
Hours of Work
Individual Retirement Account (IRA)
Benchmarking
Lead-Lag Pay Structure Policy
Minimum Wage
Lead Pay Structure Policy
Turnover
Total Rewards
Merit Increase
Restricted Stock
Cost of Living
Broadbanding
Job Family
Lump Sum Merit
Salary Structure Change
Works Council
Consumer Price Index (CPI)
Coefficient of Determination
Pay Range Overlap
Promotional Increase
Demotion
Geographic Differential
Shift Differentials
Defined Benefit Plans
Compa-Ratio
Mix
Market Pricing
Step Rates
Defined Contribution Plans
Pay Grade
Standard Error of Estimate
Annual Incentive
Range
Range Spread
Green Circle Rate
Mean
General Salary Increase
Job Evaluation
Linear Regression
Quartile
Aging Survey Data
FICA
Internal Equity
Black-Scholes Model Z
Percentile
Year of Service
Salary Grade
Midpoint Progression
Bonus
Pay Equity
Lag the Market
Gender Pay Gap
Mode
Compensable Factors
Sales Compensation
Market Index
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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