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