Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Competitive Compa-Ratio
The term compa-ratio indicates how employees of a company are paid in comparison with the value of their jobs in the market. In other words, how the market pay ratio compares to the company's midpoint range in salaries of the same category.
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Benchmarking
Annual Incentive
Stock Option Incentive
Job Family
Red Circle Rate
Internal Equity
Sales Compensation
Cost of Living
Black-Scholes Model Z
Standard Deviation
Market Index
Market Pricing
Gender Pay Gap
Quartile
Restricted Stock
Lead-Lag Pay Structure Policy
Total Rewards
Standard Error of Estimate
Linear Regression
Bonus
General Salary Increase
Mix
Range Spread
Lead Pay Structure Policy
Hours of Work
Coefficient of Determination
Midpoint Progression
Cost of Labor
Percentile
Demotion
Turnover
Compa-Ratio
Minimum Wage
Consumer Price Index (CPI)
Year of Service
Salary Grade
Salary Structure Change
Aging Survey Data
Foreign Earned Income Exclusion
Long-Term Incentive Plan
Merit Increase
Pay Range Overlap
Promotional Increase
Salary Range
Compensable Factors
Defined Benefit Plans
Broadbanding
Pay Grade
Works Council
Individual Retirement Account (IRA)
Range Penetration
Median
Lump Sum Merit
Benchmark Job
FICA
Lag the Market
Mean
Range
Defined Contribution Plans
Step Rates
Green Circle Rate
Mode
Geographic Differential
Pay Equity
Job Evaluation
Shift Differentials
Market Based Salary Increase Budget
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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