Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Common Review Date
Also known as focal point, this is the date on which an entire organization will receive increases in pay. A company may, therefore, affect increases for all employees on June 1s. (Those employees who were hired half way through a cycle will normally have their increases prorated.)
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Geographic Differential
Salary Structure Change
Works Council
Sales Compensation
Median
Demotion
Salary Range
Lead-Lag Pay Structure Policy
Compensable Factors
Coefficient of Determination
Stock Option Incentive
Percentile
Job Family
Promotional Increase
Minimum Wage
Quartile
Lump Sum Merit
Range
Pay Equity
Foreign Earned Income Exclusion
Internal Equity
Long-Term Incentive Plan
General Salary Increase
Range Spread
Consumer Price Index (CPI)
Black-Scholes Model Z
Mix
Gender Pay Gap
Standard Error of Estimate
Broadbanding
Cost of Living
Shift Differentials
Market Index
Step Rates
Mean
Hours of Work
FICA
Individual Retirement Account (IRA)
Annual Incentive
Linear Regression
Range Penetration
Job Evaluation
Turnover
Mode
Benchmark Job
Bonus
Restricted Stock
Year of Service
Market Pricing
Green Circle Rate
Defined Contribution Plans
Total Rewards
Aging Survey Data
Salary Grade
Red Circle Rate
Pay Grade
Benchmarking
Standard Deviation
Merit Increase
Midpoint Progression
Defined Benefit Plans
Compa-Ratio
Cost of Labor
Pay Range Overlap
Market Based Salary Increase Budget
Lag the Market
Lead Pay Structure Policy
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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