Compensation Glossary
Welcome to SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
ERI Distance Learning Center (DLC)
The ERI Distance Learning Center (DLC) provides compensation and benefit courses. Online education lets you attend class in your home, your office, or while traveling - 24 hours a day, 7 days a week. All you need is a computer with an Internet connection. Each course examines a topic used daily by HR professionals. The DLC offers downloadable course materials, interactive self-study exercises, instantly graded exams, and the ability to track credits and print completion certificates. Courses are free, and continuing education credit costs just $19 per certificate. DLC courses are approved for PHR/SPHR, CBP/CCP/GRP, CPE, JCA, CLE, and CE credit. To enroll, go to www.eridlc.com and click on Enroll Now! at the top of the page.
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Market Pricing
Green Circle Rate
Mean
Pay Grade
Pay Equity
Median
Red Circle Rate
Demotion
Defined Benefit Plans
Long-Term Incentive Plan
Range
Annual Incentive
Percentile
General Salary Increase
Year of Service
Job Family
Mode
Compensable Factors
Merit Increase
Lump Sum Merit
Standard Error of Estimate
Internal Equity
Salary Grade
Lead-Lag Pay Structure Policy
Linear Regression
Benchmark Job
FICA
Minimum Wage
Quartile
Individual Retirement Account (IRA)
Hours of Work
Salary Range
Range Penetration
Promotional Increase
Aging Survey Data
Market Based Salary Increase Budget
Market Index
Total Rewards
Shift Differentials
Cost of Labor
Bonus
Geographic Differential
Black-Scholes Model Z
Broadbanding
Coefficient of Determination
Works Council
Range Spread
Pay Range Overlap
Foreign Earned Income Exclusion
Lag the Market
Defined Contribution Plans
Gender Pay Gap
Lead Pay Structure Policy
Standard Deviation
Salary Structure Change
Compa-Ratio
Job Evaluation
Benchmarking
Cost of Living
Stock Option Incentive
Turnover
Step Rates
Mix
Sales Compensation
Consumer Price Index (CPI)
Midpoint Progression
Restricted Stock
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Common Compensation Terms and Formulas - January 2026
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About Us
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
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