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