Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Probationary Period
Several definitions: 1) The duration of time between the beginning of an insured person's disability and the start of their policy's benefits. (2) The period between employment or enrollment in a program and the date when an insured person becomes eligible for benefits. (3) A kind of “trial period” during which a supervisor carefully considers whether a new employee is meeting the standards and expectations of the job and if the employee should be retained as a “regular” employee.
Popular Searches
Aging Survey Data
Pay Grade
Green Circle Rate
Salary Grade
Salary Structure Change
Demotion
Linear Regression
Long-Term Incentive Plan
Lump Sum Merit
Job Evaluation
Defined Benefit Plans
General Salary Increase
Sales Compensation
Lead Pay Structure Policy
Pay Equity
Job Family
FICA
Market Pricing
Mean
Broadbanding
Promotional Increase
Hours of Work
Range
Mode
Annual Incentive
Internal Equity
Pay Range Overlap
Quartile
Market Based Salary Increase Budget
Merit Increase
Year of Service
Gender Pay Gap
Standard Deviation
Cost of Living
Midpoint Progression
Foreign Earned Income Exclusion
Step Rates
Turnover
Shift Differentials
Mix
Defined Contribution Plans
Cost of Labor
Percentile
Compensable Factors
Black-Scholes Model Z
Works Council
Restricted Stock
Standard Error of Estimate
Minimum Wage
Consumer Price Index (CPI)
Individual Retirement Account (IRA)
Compa-Ratio
Stock Option Incentive
Median
Lag the Market
Total Rewards
Geographic Differential
Benchmarking
Market Index
Range Spread
Benchmark Job
Bonus
Lead-Lag Pay Structure Policy
Red Circle Rate
Range Penetration
Coefficient of Determination
Salary Range
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
White Papers
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