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