Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Bilingual Differential
Bilingual Differential is a cash differential that is paid in addition to base salary for language skills that are required in a job. The differential also provides a continual reminder to the employee that he or she is compensated for this ability in addition to performance of the job.
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Salary Structure Change
Standard Error of Estimate
Mean
Range Spread
Job Family
Lead-Lag Pay Structure Policy
Range
Lag the Market
Foreign Earned Income Exclusion
Cost of Labor
Bonus
Step Rates
Median
Pay Grade
Gender Pay Gap
Benchmarking
Aging Survey Data
Sales Compensation
Minimum Wage
Restricted Stock
Shift Differentials
Consumer Price Index (CPI)
FICA
Market Index
Red Circle Rate
Turnover
Salary Range
Defined Contribution Plans
Broadbanding
Pay Equity
Merit Increase
Coefficient of Determination
Lump Sum Merit
Linear Regression
Total Rewards
Mix
Percentile
Market Based Salary Increase Budget
Geographic Differential
Individual Retirement Account (IRA)
Range Penetration
Black-Scholes Model Z
Works Council
Demotion
Market Pricing
Compa-Ratio
Pay Range Overlap
Hours of Work
Lead Pay Structure Policy
General Salary Increase
Job Evaluation
Annual Incentive
Year of Service
Long-Term Incentive Plan
Salary Grade
Stock Option Incentive
Cost of Living
Midpoint Progression
Green Circle Rate
Benchmark Job
Standard Deviation
Compensable Factors
Promotional Increase
Quartile
Mode
Internal Equity
Defined Benefit Plans
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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