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