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