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