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