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