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