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