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