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