Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Fraudulent Misrepresentation
A false statement of fact, made by a person who does not believe the truth of the statement or is recklessly indifferent to whether it is true or not, to another with the intention that the other person will rely on it.
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Foreign Earned Income Exclusion
Cost of Living
Long-Term Incentive Plan
Market Based Salary Increase Budget
Lag the Market
Pay Equity
Mix
Year of Service
Defined Contribution Plans
Job Family
Coefficient of Determination
Black-Scholes Model Z
Pay Grade
Red Circle Rate
Annual Incentive
Mean
Lead-Lag Pay Structure Policy
Range Penetration
Green Circle Rate
Merit Increase
Shift Differentials
Defined Benefit Plans
Works Council
Lump Sum Merit
Benchmark Job
Quartile
Turnover
Pay Range Overlap
Consumer Price Index (CPI)
Midpoint Progression
Restricted Stock
Cost of Labor
Geographic Differential
Median
Stock Option Incentive
Percentile
Standard Error of Estimate
Salary Grade
FICA
Hours of Work
Internal Equity
Promotional Increase
Bonus
Linear Regression
Standard Deviation
Range
Market Pricing
Mode
Sales Compensation
Job Evaluation
Individual Retirement Account (IRA)
Salary Range
Benchmarking
Total Rewards
Gender Pay Gap
Lead Pay Structure Policy
General Salary Increase
Range Spread
Salary Structure Change
Compensable Factors
Market Index
Step Rates
Aging Survey Data
Demotion
Broadbanding
Minimum Wage
Compa-Ratio
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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