Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Quartile
Quartiles are three values obtained by dividing the sorted dataset into four approximately equal parts. The lower or first quartile is the 25th percentile. The median or second quartile is the 50th percentile. And the upper or third quartile is the 75th percentile.
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Compa-Ratio
Annual Incentive
Lump Sum Merit
Range Penetration
Coefficient of Determination
Lead Pay Structure Policy
Demotion
Hours of Work
Pay Grade
Turnover
Foreign Earned Income Exclusion
Works Council
Year of Service
Cost of Labor
Market Pricing
Mean
Long-Term Incentive Plan
Standard Error of Estimate
Pay Equity
Market Based Salary Increase Budget
Job Family
Total Rewards
Black-Scholes Model Z
Mix
Quartile
Pay Range Overlap
Consumer Price Index (CPI)
Aging Survey Data
Benchmarking
Percentile
Linear Regression
Job Evaluation
Promotional Increase
Midpoint Progression
Range
Broadbanding
Lead-Lag Pay Structure Policy
Benchmark Job
Step Rates
Defined Contribution Plans
Mode
Gender Pay Gap
Sales Compensation
Geographic Differential
Shift Differentials
Salary Range
Compensable Factors
Bonus
Cost of Living
General Salary Increase
Red Circle Rate
Salary Grade
Merit Increase
Median
Green Circle Rate
Defined Benefit Plans
Internal Equity
Standard Deviation
Salary Structure Change
FICA
Individual Retirement Account (IRA)
Lag the Market
Minimum Wage
Market Index
Stock Option Incentive
Range Spread
Restricted Stock
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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.
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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