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