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