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