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