Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Compensation
A methodical approach to assigning a monetary value to employees in return for work performed. Compensation may include any or all of the following: base pay, overtime pay, commissions, stock option plans, merit pay, profit sharing, bonuses, housing allowance, vacations and all benefits. This is referred to as remuneration in some foreign countries.
Popular Searches
Salary Range
Lead-Lag Pay Structure Policy
Mix
Works Council
Market Based Salary Increase Budget
Year of Service
Median
Market Pricing
Pay Grade
Promotional Increase
Coefficient of Determination
Geographic Differential
Sales Compensation
Salary Grade
Step Rates
Defined Contribution Plans
Market Index
Standard Error of Estimate
Turnover
Mean
Shift Differentials
FICA
Mode
Salary Structure Change
Long-Term Incentive Plan
Consumer Price Index (CPI)
Red Circle Rate
Job Family
Cost of Living
Gender Pay Gap
Job Evaluation
Standard Deviation
Lag the Market
Merit Increase
Midpoint Progression
Range Spread
Individual Retirement Account (IRA)
Linear Regression
Stock Option Incentive
Range Penetration
Hours of Work
Bonus
Internal Equity
Green Circle Rate
Broadbanding
Aging Survey Data
Lead Pay Structure Policy
Defined Benefit Plans
Minimum Wage
Benchmark Job
General Salary Increase
Total Rewards
Demotion
Compa-Ratio
Lump Sum Merit
Percentile
Compensable Factors
Pay Range Overlap
Quartile
Cost of Labor
Black-Scholes Model Z
Pay Equity
Range
Benchmarking
Annual Incentive
Foreign Earned Income Exclusion
Restricted Stock
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