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