Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Discrete Data
In terms of statistics, this describes variables that assume only particular, distinct values and that are not continuous. For example, salary levels and performance classifications are discrete variables, whereas height and weight are continuous variables.
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Benchmarking
Job Evaluation
Consumer Price Index (CPI)
Mix
Restricted Stock
Gender Pay Gap
Compa-Ratio
Geographic Differential
Compensable Factors
Red Circle Rate
Broadbanding
Lead Pay Structure Policy
Aging Survey Data
Cost of Living
Mean
FICA
Works Council
Standard Error of Estimate
Defined Benefit Plans
Cost of Labor
Stock Option Incentive
Year of Service
Lead-Lag Pay Structure Policy
Salary Grade
Lag the Market
Pay Range Overlap
Demotion
Defined Contribution Plans
Coefficient of Determination
Market Pricing
Salary Structure Change
Promotional Increase
Minimum Wage
Internal Equity
Benchmark Job
Linear Regression
Range Spread
Foreign Earned Income Exclusion
Hours of Work
Job Family
Market Index
General Salary Increase
Range Penetration
Midpoint Progression
Pay Equity
Green Circle Rate
Shift Differentials
Merit Increase
Pay Grade
Salary Range
Standard Deviation
Market Based Salary Increase Budget
Turnover
Black-Scholes Model Z
Bonus
Individual Retirement Account (IRA)
Sales Compensation
Range
Step Rates
Long-Term Incentive Plan
Percentile
Quartile
Total Rewards
Median
Annual Incentive
Mode
Lump Sum Merit
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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