Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Educational Benefits
Companies may include educational benefits in their benefit package in a number of forms. The most common is an educational reimbursement plan, in which employees are reimbursed for the costs of schooling or training that can be shown to be related to their job or to their career in the company.
Popular Searches
Cost of Living
Step Rates
Defined Benefit Plans
Range
Range Penetration
Merit Increase
Green Circle Rate
Market Index
Range Spread
Standard Error of Estimate
Pay Equity
Total Rewards
Mix
Annual Incentive
FICA
Market Pricing
Red Circle Rate
Gender Pay Gap
Quartile
Market Based Salary Increase Budget
Minimum Wage
Lump Sum Merit
Percentile
Black-Scholes Model Z
Year of Service
Mode
Mean
Benchmarking
Foreign Earned Income Exclusion
Salary Structure Change
Pay Range Overlap
Geographic Differential
Median
Demotion
Standard Deviation
Lag the Market
Compensable Factors
Job Family
Midpoint Progression
Broadbanding
Defined Contribution Plans
Pay Grade
Benchmark Job
Sales Compensation
Restricted Stock
Consumer Price Index (CPI)
Hours of Work
Internal Equity
General Salary Increase
Cost of Labor
Bonus
Salary Range
Lead-Lag Pay Structure Policy
Shift Differentials
Turnover
Aging Survey Data
Long-Term Incentive Plan
Job Evaluation
Linear Regression
Works Council
Compa-Ratio
Promotional Increase
Salary Grade
Coefficient of Determination
Stock Option Incentive
Lead Pay Structure Policy
Individual Retirement Account (IRA)
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