Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Select Mortality Table
This table includes data exclusively on people who have recently purchased life insurance. Experience has shown that such people have a lower mortality rate in the years immediately following their insurance purchase than those who have been insured for a longer period, probably because they have recently passed a medical examination, and because they are younger.
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Annual Incentive
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Linear Regression
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Year of Service
Restricted Stock
Coefficient of Determination
Job Evaluation
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Green Circle Rate
Salary Structure Change
Standard Error of Estimate
Lead Pay Structure Policy
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Market Based Salary Increase Budget
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Sales Compensation
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Mode
Black-Scholes Model Z
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Compa-Ratio
FICA
Compensable Factors
Mix
Internal Equity
Lead-Lag Pay Structure Policy
Bonus
Minimum Wage
Consumer Price Index (CPI)
Geographic Differential
Foreign Earned Income Exclusion
Individual Retirement Account (IRA)
Broadbanding
Defined Contribution Plans
Red Circle Rate
Gender Pay Gap
Works Council
Hours of Work
Midpoint Progression
Pay Grade
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Lag the Market
Range Spread
Long-Term Incentive Plan
Step Rates
Cost of Living
Range
Stock Option Incentive
Promotional Increase
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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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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