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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The outcome or state of a system, which may be utilized in the modification of system's operation. This term is usually used in terms of compensation and as such, relates to the system whereby information is obtained regarding performance versus compensation.
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Green Circle Rate
Range Spread
Benchmarking
Market Pricing
Minimum Wage
Mix
Total Rewards
Benchmark Job
Consumer Price Index (CPI)
Coefficient of Determination
Pay Grade
Merit Increase
Cost of Living
Standard Error of Estimate
Foreign Earned Income Exclusion
Mode
Defined Contribution Plans
Mean
Red Circle Rate
Black-Scholes Model Z
Pay Equity
Broadbanding
Percentile
Stock Option Incentive
Long-Term Incentive Plan
Internal Equity
Quartile
Job Family
Step Rates
Promotional Increase
Compensable Factors
Range Penetration
Turnover
Job Evaluation
Sales Compensation
Gender Pay Gap
Individual Retirement Account (IRA)
Lead-Lag Pay Structure Policy
Market Index
Pay Range Overlap
Bonus
Shift Differentials
Median
Salary Range
Aging Survey Data
Compa-Ratio
Market Based Salary Increase Budget
Demotion
Works Council
General Salary Increase
Cost of Labor
Lead Pay Structure Policy
Geographic Differential
Lump Sum Merit
Midpoint Progression
Annual Incentive
Range
Salary Structure Change
Standard Deviation
Defined Benefit Plans
Salary Grade
Restricted Stock
FICA
Lag the Market
Linear Regression
Hours of Work
Year of Service
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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.
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