Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Basic Death Benefit
The death benefit according to the terms of the original, basic contract of a life insurance policy. The basic death benefit does not include the benefit for any supplementary riders, such as an accidental death benefit (ADB) rider. For policies whose death benefit remains constant, the basic death benefit is equivalent to the face amount.
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Gender Pay Gap
Compensable Factors
Range Spread
Broadbanding
Job Evaluation
Median
Cost of Labor
Lag the Market
Coefficient of Determination
Compa-Ratio
Promotional Increase
Bonus
Foreign Earned Income Exclusion
Salary Grade
Defined Contribution Plans
Geographic Differential
Salary Structure Change
Mean
FICA
Defined Benefit Plans
Restricted Stock
Benchmarking
Hours of Work
Red Circle Rate
Works Council
Lead Pay Structure Policy
General Salary Increase
Range
Shift Differentials
Linear Regression
Turnover
Percentile
Market Pricing
Lead-Lag Pay Structure Policy
Quartile
Standard Error of Estimate
Lump Sum Merit
Year of Service
Long-Term Incentive Plan
Total Rewards
Annual Incentive
Standard Deviation
Pay Grade
Minimum Wage
Job Family
Aging Survey Data
Benchmark Job
Stock Option Incentive
Black-Scholes Model Z
Merit Increase
Range Penetration
Midpoint Progression
Sales Compensation
Pay Equity
Salary Range
Pay Range Overlap
Cost of Living
Demotion
Internal Equity
Mode
Green Circle Rate
Mix
Individual Retirement Account (IRA)
Market Based Salary Increase Budget
Step Rates
Market Index
Consumer Price Index (CPI)
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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