Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Disease Management Program
An organized, proactive, multi-component approach to health care delivery involving all members of a health plan with specific chronic diseases. The goal is to improve short-term and long-term health and/or economic outcomes among patients with the disease.
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Green Circle Rate
Minimum Wage
Lag the Market
Foreign Earned Income Exclusion
Defined Benefit Plans
Turnover
Step Rates
Broadbanding
Defined Contribution Plans
Median
Cost of Living
Pay Range Overlap
Market Index
Benchmarking
Pay Equity
FICA
Internal Equity
Annual Incentive
Lead-Lag Pay Structure Policy
Salary Structure Change
Stock Option Incentive
Linear Regression
Mode
Works Council
Merit Increase
Lump Sum Merit
Compensable Factors
Percentile
Year of Service
Quartile
Benchmark Job
Standard Error of Estimate
Gender Pay Gap
Promotional Increase
Mean
Red Circle Rate
Midpoint Progression
Lead Pay Structure Policy
Job Family
Range
Black-Scholes Model Z
Salary Range
Range Spread
Aging Survey Data
Cost of Labor
Long-Term Incentive Plan
Total Rewards
Sales Compensation
Salary Grade
Individual Retirement Account (IRA)
Coefficient of Determination
Range Penetration
Market Based Salary Increase Budget
Job Evaluation
Standard Deviation
Restricted Stock
Pay Grade
Mix
General Salary Increase
Demotion
Market Pricing
Compa-Ratio
Shift Differentials
Bonus
Consumer Price Index (CPI)
Geographic Differential
Hours of Work
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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.
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