Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Sample
In terms of statistics, this unit, which is representative of a class drawn from and studied in order to estimate the characteristics of an entire population. A random sample is where each member of the population has the same chance of being chosen. Convenience sample, on the other hand, is when units are selected, not at random but on the basis of what is easily available or accessible
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Restricted Stock
Lead Pay Structure Policy
Pay Range Overlap
Market Based Salary Increase Budget
Sales Compensation
Standard Deviation
Lag the Market
Red Circle Rate
Annual Incentive
Percentile
Defined Contribution Plans
Turnover
Range Spread
Lump Sum Merit
Market Pricing
Mix
Long-Term Incentive Plan
Job Family
Promotional Increase
Stock Option Incentive
Individual Retirement Account (IRA)
Coefficient of Determination
Merit Increase
Internal Equity
Benchmark Job
Salary Structure Change
Linear Regression
Aging Survey Data
Step Rates
Pay Equity
Range Penetration
FICA
Standard Error of Estimate
Mean
Broadbanding
Shift Differentials
Demotion
Quartile
Compensable Factors
Market Index
Works Council
Foreign Earned Income Exclusion
Year of Service
Green Circle Rate
Defined Benefit Plans
General Salary Increase
Compa-Ratio
Midpoint Progression
Gender Pay Gap
Bonus
Job Evaluation
Total Rewards
Median
Salary Range
Cost of Labor
Hours of Work
Consumer Price Index (CPI)
Pay Grade
Black-Scholes Model Z
Benchmarking
Geographic Differential
Minimum Wage
Mode
Salary Grade
Range
Lead-Lag Pay Structure Policy
Cost of Living
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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