Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Deferred Benefits
Non-monetary future compensation that an employee may be entitled to, providing that he/she has accumulated enough credited years of service (for vesting purposes). These usually include pension plans, 401(k) plans and stock option plans.
Popular Searches
Range
Market Based Salary Increase Budget
Demotion
Mode
Range Penetration
Mix
Year of Service
Salary Range
Market Pricing
Lead Pay Structure Policy
Pay Equity
Benchmarking
Promotional Increase
Step Rates
Gender Pay Gap
Merit Increase
Consumer Price Index (CPI)
Mean
Pay Grade
Quartile
Compa-Ratio
Job Family
Total Rewards
Foreign Earned Income Exclusion
Standard Error of Estimate
Individual Retirement Account (IRA)
Minimum Wage
Internal Equity
Range Spread
Green Circle Rate
Lag the Market
Midpoint Progression
Restricted Stock
Annual Incentive
Aging Survey Data
FICA
Long-Term Incentive Plan
Stock Option Incentive
Defined Benefit Plans
Geographic Differential
Bonus
Compensable Factors
Broadbanding
General Salary Increase
Linear Regression
Salary Grade
Red Circle Rate
Sales Compensation
Coefficient of Determination
Market Index
Lump Sum Merit
Black-Scholes Model Z
Salary Structure Change
Works Council
Hours of Work
Pay Range Overlap
Cost of Labor
Defined Contribution Plans
Shift Differentials
Job Evaluation
Standard Deviation
Benchmark Job
Lead-Lag Pay Structure Policy
Turnover
Median
Percentile
Cost of Living
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
White Papers
Insights on Compensation
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