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