Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Sampling Errors
These are possible errors, which may occur due to the lack of complete information in the analysis of jobs. May also be caused by the misinterpretation of data or answers to survey questions. May be due to bias or the misuse of procedures used in statistics.
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Works Council
Black-Scholes Model Z
Total Rewards
Merit Increase
Range Penetration
Foreign Earned Income Exclusion
Pay Equity
Cost of Living
Green Circle Rate
General Salary Increase
Red Circle Rate
Job Evaluation
Shift Differentials
Stock Option Incentive
Internal Equity
Salary Range
Market Pricing
Percentile
FICA
Salary Structure Change
Range Spread
Lag the Market
Long-Term Incentive Plan
Salary Grade
Consumer Price Index (CPI)
Aging Survey Data
Geographic Differential
Cost of Labor
Quartile
Hours of Work
Mean
Benchmarking
Lead Pay Structure Policy
Linear Regression
Bonus
Pay Grade
Mix
Defined Contribution Plans
Turnover
Year of Service
Defined Benefit Plans
Step Rates
Range
Lead-Lag Pay Structure Policy
Compa-Ratio
Gender Pay Gap
Coefficient of Determination
Market Based Salary Increase Budget
Promotional Increase
Job Family
Restricted Stock
Mode
Annual Incentive
Pay Range Overlap
Standard Error of Estimate
Standard Deviation
Benchmark Job
Market Index
Lump Sum Merit
Sales Compensation
Broadbanding
Minimum Wage
Individual Retirement Account (IRA)
Demotion
Midpoint Progression
Compensable Factors
Median
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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