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