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