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