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