Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Rewards System
As companies look for better ways to attract, retain and motivate good employees, as much as money is important, it has been shown that both job seekers and employees value advancement possibilities, personal recognition and learning, and rank those highly on lists of today's best companies attributes lists. The rewards system is a compensation method/package, which includes all of those attributes.
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Salary Structure Change
Turnover
Minimum Wage
Internal Equity
Range Penetration
Linear Regression
Job Family
Salary Grade
Compensable Factors
Pay Grade
Job Evaluation
Coefficient of Determination
Midpoint Progression
Promotional Increase
General Salary Increase
Standard Deviation
Cost of Labor
Mean
Median
Broadbanding
Market Index
Geographic Differential
Range Spread
Pay Equity
Demotion
Consumer Price Index (CPI)
Black-Scholes Model Z
Lead Pay Structure Policy
Benchmark Job
Defined Contribution Plans
Aging Survey Data
Cost of Living
Mode
Lump Sum Merit
Lag the Market
Gender Pay Gap
Sales Compensation
Salary Range
Compa-Ratio
Merit Increase
Pay Range Overlap
Market Based Salary Increase Budget
Total Rewards
Shift Differentials
Percentile
Market Pricing
Benchmarking
Long-Term Incentive Plan
Works Council
Mix
Hours of Work
Annual Incentive
Restricted Stock
Defined Benefit Plans
Stock Option Incentive
Year of Service
Step Rates
Quartile
Foreign Earned Income Exclusion
FICA
Individual Retirement Account (IRA)
Range
Green Circle Rate
Standard Error of Estimate
Lead-Lag Pay Structure Policy
Bonus
Red Circle Rate
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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