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