Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Salary Increase
The difference between an organization's current pay and what it plans to pay in the future. Salary increases can be given based upon merit (such as pay for performance), cost-of-living increases, or matching what competing organizations pay. In the latter case, wage surveys are used to determine the amounts of salary increases.
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Range
Salary Grade
Lead-Lag Pay Structure Policy
Annual Incentive
Year of Service
Foreign Earned Income Exclusion
Market Pricing
Standard Deviation
Promotional Increase
Red Circle Rate
Pay Range Overlap
Long-Term Incentive Plan
Market Index
Shift Differentials
Hours of Work
Lump Sum Merit
Individual Retirement Account (IRA)
Percentile
Cost of Labor
Merit Increase
Aging Survey Data
Demotion
Works Council
Quartile
Lag the Market
Market Based Salary Increase Budget
Sales Compensation
Step Rates
Turnover
Coefficient of Determination
Job Evaluation
Cost of Living
Consumer Price Index (CPI)
Black-Scholes Model Z
Midpoint Progression
Salary Range
Benchmark Job
General Salary Increase
Pay Grade
Broadbanding
Linear Regression
Bonus
Stock Option Incentive
Range Penetration
Gender Pay Gap
Geographic Differential
Pay Equity
Internal Equity
Restricted Stock
Defined Contribution Plans
Lead Pay Structure Policy
FICA
Job Family
Benchmarking
Mode
Standard Error of Estimate
Total Rewards
Mix
Compa-Ratio
Median
Compensable Factors
Mean
Green Circle Rate
Salary Structure Change
Defined Benefit Plans
Range Spread
Minimum Wage
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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