Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
DOT
Created by the U.S. Department of Labor Employment and Training Administration, the Dictionary of Occupational Titles (DOT) has been used for its thousands of occupational definitions to match job seekers to jobs. It was last updated in 1991 (4th edition) and has now been replaced by the O*NET which classifies jobs in job families, making it less useful for determining disability eligibility or job-specific benefits analysis.
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Range Penetration
Standard Deviation
Lump Sum Merit
Geographic Differential
Midpoint Progression
Red Circle Rate
Standard Error of Estimate
Pay Equity
Median
Mean
Broadbanding
Mix
Salary Range
Restricted Stock
Compensable Factors
Linear Regression
Defined Benefit Plans
FICA
Percentile
Benchmarking
Coefficient of Determination
General Salary Increase
Benchmark Job
Long-Term Incentive Plan
Merit Increase
Quartile
Defined Contribution Plans
Range Spread
Mode
Range
Lag the Market
Works Council
Gender Pay Gap
Step Rates
Stock Option Incentive
Shift Differentials
Market Pricing
Demotion
Salary Grade
Cost of Living
Job Family
Sales Compensation
Individual Retirement Account (IRA)
Internal Equity
Compa-Ratio
Market Index
Lead Pay Structure Policy
Annual Incentive
Bonus
Promotional Increase
Green Circle Rate
Market Based Salary Increase Budget
Salary Structure Change
Total Rewards
Foreign Earned Income Exclusion
Consumer Price Index (CPI)
Lead-Lag Pay Structure Policy
Pay Range Overlap
Hours of Work
Aging Survey Data
Minimum Wage
Pay Grade
Job Evaluation
Black-Scholes Model Z
Year of Service
Cost of Labor
Turnover
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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.
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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