Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Danger Pay
Usually paid in addition to a hardship premium, danger pay is often given to expatriates who are required to live and work in a foreign country where a civil war, revolution, or some kind of terrorism could threaten the physical well-being of the expatriate.
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Works Council
Market Pricing
Defined Contribution Plans
Lag the Market
Job Evaluation
Turnover
Green Circle Rate
Year of Service
Standard Deviation
Step Rates
Hours of Work
General Salary Increase
Promotional Increase
Shift Differentials
Mode
Black-Scholes Model Z
Broadbanding
Range
Market Based Salary Increase Budget
Quartile
Range Penetration
Sales Compensation
Long-Term Incentive Plan
Consumer Price Index (CPI)
Lump Sum Merit
Salary Range
Defined Benefit Plans
Bonus
Cost of Labor
Salary Structure Change
Aging Survey Data
Internal Equity
Coefficient of Determination
Percentile
Market Index
Midpoint Progression
Stock Option Incentive
Pay Equity
Compa-Ratio
Foreign Earned Income Exclusion
Annual Incentive
Benchmarking
Merit Increase
Mean
Minimum Wage
Standard Error of Estimate
Range Spread
Mix
Total Rewards
Geographic Differential
Cost of Living
Job Family
Pay Range Overlap
Individual Retirement Account (IRA)
Gender Pay Gap
Red Circle Rate
Restricted Stock
Demotion
Lead-Lag Pay Structure Policy
FICA
Linear Regression
Median
Salary Grade
Compensable Factors
Pay Grade
Lead Pay Structure Policy
Benchmark Job
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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