Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
NCS
The National Compensation Survey is the U.S. government's survey of salaries, wages, and benefits produced by the U.S. Bureau of Labor Statistics. Includes local, regional, and nationwide data. The NCS is designed to replace the Employment Cost Index (ECI), the Occupational Compensation Survey Program (OCSP), and Employee Benefits Survey (EBS).
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Sales Compensation
General Salary Increase
Total Rewards
Cost of Living
Defined Benefit Plans
Gender Pay Gap
Percentile
Job Family
Individual Retirement Account (IRA)
Mix
Benchmark Job
Mean
Range Spread
Mode
Lead Pay Structure Policy
Pay Equity
Works Council
Internal Equity
Cost of Labor
Salary Structure Change
Job Evaluation
Lead-Lag Pay Structure Policy
Hours of Work
Demotion
Compa-Ratio
Market Based Salary Increase Budget
Stock Option Incentive
Market Pricing
Pay Grade
Market Index
Standard Deviation
Compensable Factors
Restricted Stock
Minimum Wage
Year of Service
Midpoint Progression
Linear Regression
Shift Differentials
Coefficient of Determination
Long-Term Incentive Plan
Red Circle Rate
Aging Survey Data
Annual Incentive
Salary Grade
Merit Increase
Green Circle Rate
Pay Range Overlap
Black-Scholes Model Z
Lump Sum Merit
Standard Error of Estimate
Broadbanding
Promotional Increase
Geographic Differential
Median
Foreign Earned Income Exclusion
Benchmarking
Range
Step Rates
Turnover
Range Penetration
Salary Range
Consumer Price Index (CPI)
Lag the Market
Bonus
FICA
Quartile
Defined Contribution Plans
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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