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