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