Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Face Page
This is the first page of an insurance agreement. This page typically includes the name of the insured party, their age and the name of the policyowner if it is different from the insured's name. This page also states the amount of the premiums, the agreement number, date on which the parties entered into an agreement. Lastly, this page normally has the signatures of both the president and the secretary of the company.
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Individual Retirement Account (IRA)
Range Spread
Linear Regression
Benchmarking
Cost of Labor
Annual Incentive
Demotion
Total Rewards
Defined Contribution Plans
Bonus
Midpoint Progression
Merit Increase
Defined Benefit Plans
Hours of Work
Promotional Increase
Foreign Earned Income Exclusion
Cost of Living
Year of Service
Black-Scholes Model Z
Turnover
Salary Grade
Internal Equity
Pay Grade
Percentile
Market Based Salary Increase Budget
Pay Range Overlap
Lead-Lag Pay Structure Policy
Compensable Factors
FICA
Quartile
Median
Minimum Wage
Pay Equity
Standard Error of Estimate
Consumer Price Index (CPI)
Restricted Stock
Long-Term Incentive Plan
Compa-Ratio
Coefficient of Determination
Market Index
Standard Deviation
Mix
Mean
Lead Pay Structure Policy
Job Family
Aging Survey Data
Market Pricing
Job Evaluation
Gender Pay Gap
Geographic Differential
Red Circle Rate
Broadbanding
Lag the Market
Range Penetration
Shift Differentials
Sales Compensation
Benchmark Job
Range
Lump Sum Merit
Green Circle Rate
Salary Range
Salary Structure Change
Stock Option Incentive
Mode
Works Council
General Salary Increase
Step Rates
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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