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