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