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