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