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