Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Distributive Justice
The theory that people involved in an exchange are most happy if the relationship between the outcomes and inputs is the same for all parties. This theory is attributable to G.C. Homans and forms the basis for the equity theory.
Popular Searches
Bonus
Long-Term Incentive Plan
Linear Regression
Black-Scholes Model Z
Year of Service
Works Council
Benchmarking
Consumer Price Index (CPI)
Market Pricing
Range Spread
Individual Retirement Account (IRA)
Promotional Increase
Market Based Salary Increase Budget
Stock Option Incentive
Salary Range
Defined Contribution Plans
General Salary Increase
Foreign Earned Income Exclusion
Defined Benefit Plans
Internal Equity
Sales Compensation
Turnover
Percentile
Annual Incentive
Job Family
Compensable Factors
Lead Pay Structure Policy
Pay Equity
Minimum Wage
Restricted Stock
Range
Job Evaluation
Red Circle Rate
Midpoint Progression
Green Circle Rate
Merit Increase
FICA
Benchmark Job
Mean
Market Index
Quartile
Mix
Salary Structure Change
Range Penetration
Compa-Ratio
Pay Grade
Geographic Differential
Standard Error of Estimate
Standard Deviation
Salary Grade
Coefficient of Determination
Cost of Living
Mode
Lead-Lag Pay Structure Policy
Aging Survey Data
Broadbanding
Step Rates
Shift Differentials
Gender Pay Gap
Demotion
Hours of Work
Total Rewards
Lump Sum Merit
Pay Range Overlap
Cost of Labor
Median
Lag the Market
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
White Papers
Insights on Compensation
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