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