Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Call in Pay
This is the guaranteed pay for a set minimum amount of time for employees who show up to work at the usual time and for whom there is no work. The employees receive pay for at least the specified minimum number of hours, even if they did not work at all.
Popular Searches
Market Based Salary Increase Budget
Range Spread
Hours of Work
Minimum Wage
Red Circle Rate
Benchmarking
Median
Step Rates
Defined Contribution Plans
Geographic Differential
Salary Grade
Promotional Increase
Linear Regression
Bonus
General Salary Increase
Lead Pay Structure Policy
Turnover
Sales Compensation
Standard Error of Estimate
Mode
Gender Pay Gap
Merit Increase
Cost of Living
Consumer Price Index (CPI)
Salary Structure Change
Job Evaluation
Range
Internal Equity
Compensable Factors
Annual Incentive
Mix
Cost of Labor
FICA
Stock Option Incentive
Aging Survey Data
Works Council
Demotion
Mean
Pay Grade
Pay Equity
Quartile
Standard Deviation
Range Penetration
Defined Benefit Plans
Individual Retirement Account (IRA)
Lump Sum Merit
Percentile
Salary Range
Shift Differentials
Coefficient of Determination
Compa-Ratio
Restricted Stock
Year of Service
Foreign Earned Income Exclusion
Lag the Market
Green Circle Rate
Total Rewards
Market Pricing
Long-Term Incentive Plan
Benchmark Job
Market Index
Black-Scholes Model Z
Midpoint Progression
Lead-Lag Pay Structure Policy
Job Family
Broadbanding
Pay Range Overlap
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
White Papers
Insights on Compensation
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