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