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