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