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