Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Pregnancy Discrimination
Discrimination based on pregnancy is forbidden when it comes to any aspect of employment, including hiring, firing, pay, job assignments, promotions, layoff, training, fringe benefits, such as leave and health insurance, and any other term or condition of employment.
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Pay Equity
Green Circle Rate
Stock Option Incentive
Minimum Wage
Lead Pay Structure Policy
Coefficient of Determination
Geographic Differential
Cost of Living
Defined Contribution Plans
Sales Compensation
Lump Sum Merit
Percentile
Long-Term Incentive Plan
Black-Scholes Model Z
Merit Increase
Step Rates
Mean
Pay Grade
Red Circle Rate
Demotion
Individual Retirement Account (IRA)
Mix
Pay Range Overlap
Foreign Earned Income Exclusion
Benchmark Job
Compa-Ratio
Standard Deviation
Benchmarking
Market Based Salary Increase Budget
Total Rewards
Market Index
General Salary Increase
Restricted Stock
Bonus
Promotional Increase
Job Family
Internal Equity
FICA
Year of Service
Gender Pay Gap
Lag the Market
Median
Job Evaluation
Works Council
Midpoint Progression
Compensable Factors
Shift Differentials
Range
Cost of Labor
Mode
Range Penetration
Salary Range
Aging Survey Data
Annual Incentive
Quartile
Salary Structure Change
Turnover
Consumer Price Index (CPI)
Linear Regression
Range Spread
Lead-Lag Pay Structure Policy
Defined Benefit Plans
Broadbanding
Market Pricing
Hours of Work
Salary Grade
Standard Error of Estimate
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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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Insights on Compensation
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