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