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