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