Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
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Market Pricing
Lag the Market
Stock Option Incentive
Annual Incentive
Pay Range Overlap
Bonus
Cost of Labor
Step Rates
Compa-Ratio
Broadbanding
Defined Benefit Plans
Pay Grade
Lead Pay Structure Policy
Works Council
Year of Service
Salary Grade
Coefficient of Determination
Foreign Earned Income Exclusion
Demotion
Black-Scholes Model Z
Red Circle Rate
Long-Term Incentive Plan
Minimum Wage
Standard Deviation
Quartile
Geographic Differential
Midpoint Progression
Promotional Increase
Salary Range
Mix
General Salary Increase
Turnover
FICA
Median
Green Circle Rate
Linear Regression
Standard Error of Estimate
Range Penetration
Total Rewards
Consumer Price Index (CPI)
Hours of Work
Benchmark Job
Defined Contribution Plans
Salary Structure Change
Range Spread
Job Family
Individual Retirement Account (IRA)
Cost of Living
Percentile
Lead-Lag Pay Structure Policy
Pay Equity
Merit Increase
Market Based Salary Increase Budget
Market Index
Benchmarking
Range
Shift Differentials
Mode
Lump Sum Merit
Restricted Stock
Mean
Sales Compensation
Aging Survey Data
Gender Pay Gap
Job Evaluation
Compensable Factors
Internal Equity
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Common Compensation Terms and Formulas - January 2026
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.
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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