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