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