Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Frequency
Several definitions: 1) Number of times an average person or home is exposed to a media vehicle (or group of vehicles), within a given time period. (2) The position of a television or radio station's broadcast signal within the electromagnetic spectrum.
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Median
Cost of Labor
Annual Incentive
Linear Regression
Coefficient of Determination
Shift Differentials
Individual Retirement Account (IRA)
Promotional Increase
Bonus
Hours of Work
Job Evaluation
Geographic Differential
Range
Mean
Salary Range
Percentile
Pay Range Overlap
Sales Compensation
Turnover
Standard Error of Estimate
Long-Term Incentive Plan
Year of Service
Compensable Factors
Defined Benefit Plans
Benchmark Job
Restricted Stock
Minimum Wage
Mix
Internal Equity
Broadbanding
Stock Option Incentive
Range Penetration
Quartile
Pay Grade
Benchmarking
Compa-Ratio
Market Pricing
Green Circle Rate
General Salary Increase
Demotion
Works Council
Lead Pay Structure Policy
Lead-Lag Pay Structure Policy
Merit Increase
Salary Grade
Range Spread
Mode
Lag the Market
Market Index
Lump Sum Merit
Standard Deviation
Cost of Living
Defined Contribution Plans
Step Rates
Midpoint Progression
Red Circle Rate
Aging Survey Data
Gender Pay Gap
Job Family
Foreign Earned Income Exclusion
Black-Scholes Model Z
Total Rewards
Market Based Salary Increase Budget
Salary Structure Change
Consumer Price Index (CPI)
FICA
Pay Equity
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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