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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Linear Regression
Lead-Lag Pay Structure Policy
Year of Service
Pay Range Overlap
Lump Sum Merit
General Salary Increase
Market Based Salary Increase Budget
Job Family
Range
Promotional Increase
Standard Error of Estimate
Broadbanding
Range Penetration
Salary Structure Change
Cost of Labor
Consumer Price Index (CPI)
Foreign Earned Income Exclusion
Long-Term Incentive Plan
Lag the Market
Market Index
Mode
Bonus
Individual Retirement Account (IRA)
Range Spread
Salary Range
Market Pricing
Midpoint Progression
Coefficient of Determination
Green Circle Rate
Median
Sales Compensation
Red Circle Rate
Mix
Black-Scholes Model Z
Mean
Total Rewards
Compa-Ratio
Cost of Living
Stock Option Incentive
Restricted Stock
Gender Pay Gap
Quartile
Hours of Work
Job Evaluation
FICA
Aging Survey Data
Merit Increase
Turnover
Compensable Factors
Standard Deviation
Lead Pay Structure Policy
Benchmark Job
Salary Grade
Defined Benefit Plans
Percentile
Benchmarking
Geographic Differential
Pay Equity
Shift Differentials
Pay Grade
Annual Incentive
Step Rates
Minimum Wage
Demotion
Defined Contribution Plans
Works Council
Internal Equity
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Common Compensation Terms and Formulas - January 2026
Find commonly used compensation terms and formulas for your reference when planning compensation.
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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