Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Bridge Loan
This is a loan typically secured by your current home, which is usually listed for sale. The bridge loan is used to finance the purchase of the second home. The homeowner usually has a year within which to sell or rent the first home and to pay off the loan with the proceeds.
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Hours of Work
Merit Increase
Cost of Labor
Range Penetration
Total Rewards
Range Spread
Median
Promotional Increase
Broadbanding
Internal Equity
Compensable Factors
Midpoint Progression
Sales Compensation
Minimum Wage
Aging Survey Data
Green Circle Rate
Standard Error of Estimate
Turnover
Demotion
Black-Scholes Model Z
Salary Grade
Standard Deviation
Consumer Price Index (CPI)
Coefficient of Determination
Pay Range Overlap
Market Pricing
Red Circle Rate
Cost of Living
Defined Benefit Plans
Percentile
Market Based Salary Increase Budget
Year of Service
Job Family
Works Council
Stock Option Incentive
Step Rates
Mix
General Salary Increase
Salary Structure Change
Annual Incentive
Geographic Differential
Range
Lead-Lag Pay Structure Policy
Pay Equity
Individual Retirement Account (IRA)
Lag the Market
Lump Sum Merit
Mean
Compa-Ratio
Bonus
Market Index
Shift Differentials
Foreign Earned Income Exclusion
Mode
Gender Pay Gap
Benchmark Job
Long-Term Incentive Plan
Linear Regression
Lead Pay Structure Policy
Benchmarking
Pay Grade
FICA
Restricted Stock
Defined Contribution Plans
Salary Range
Quartile
Job Evaluation
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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