Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Distance Learning Center (DLC)
The ERI Distance Learning Center (DLC) provides compensation and benefit courses. Online education lets you attend class in your home, your office, or while traveling--24 hours a day, 7 days a week. All you need is a computer with an Internet connection. Each course examines a topic used daily by HR professionals. The DLC offers downloadable course materials, interactive self-study exercises, instantly graded exams, and the ability to track credits and print completion certificates. DLC courses are approved for PHR/GPHR/SPHR, CBP/CCP/GRP, CRCC, CPE, JCA, CLE, and CE credit. To enroll, go to www.eridlc.com and click on the Enroll tab at the top of the page.
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Individual Retirement Account (IRA)
Stock Option Incentive
FICA
Geographic Differential
Green Circle Rate
Range Penetration
Total Rewards
Year of Service
Merit Increase
Market Pricing
Standard Error of Estimate
Market Based Salary Increase Budget
Standard Deviation
Job Evaluation
General Salary Increase
Internal Equity
Long-Term Incentive Plan
Pay Equity
Works Council
Cost of Living
Gender Pay Gap
Lump Sum Merit
Turnover
Linear Regression
Range Spread
Broadbanding
Cost of Labor
Mix
Lag the Market
Promotional Increase
Shift Differentials
Black-Scholes Model Z
Midpoint Progression
Market Index
Sales Compensation
Defined Contribution Plans
Benchmark Job
Red Circle Rate
Quartile
Median
Mean
Restricted Stock
Annual Incentive
Lead-Lag Pay Structure Policy
Job Family
Consumer Price Index (CPI)
Pay Range Overlap
Percentile
Defined Benefit Plans
Pay Grade
Range
Compa-Ratio
Salary Range
Foreign Earned Income Exclusion
Hours of Work
Compensable Factors
Benchmarking
Minimum Wage
Lead Pay Structure Policy
Salary Structure Change
Aging Survey Data
Coefficient of Determination
Salary Grade
Mode
Step Rates
Demotion
Bonus
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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