Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Skills Inventory
The listing of abilities, qualifications, capacities, and career goals of employees to identify suitable candidates for internal recruitment or promotions. Also used by employment agencies and contract programming companies to set up and maintain a file for candidates and their associated qualifications.
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Cost of Living
Benchmark Job
Red Circle Rate
Quartile
Annual Incentive
Mix
Works Council
Demotion
Job Evaluation
Pay Range Overlap
Lead Pay Structure Policy
Market Based Salary Increase Budget
Individual Retirement Account (IRA)
Market Index
Turnover
Lead-Lag Pay Structure Policy
Salary Structure Change
Range
Mean
General Salary Increase
Pay Equity
Bonus
Geographic Differential
Range Spread
Defined Benefit Plans
Total Rewards
Year of Service
Merit Increase
Midpoint Progression
Foreign Earned Income Exclusion
Gender Pay Gap
Median
FICA
Stock Option Incentive
Lump Sum Merit
Compa-Ratio
Promotional Increase
Job Family
Coefficient of Determination
Standard Deviation
Market Pricing
Percentile
Pay Grade
Defined Contribution Plans
Standard Error of Estimate
Black-Scholes Model Z
Aging Survey Data
Benchmarking
Long-Term Incentive Plan
Restricted Stock
Salary Range
Linear Regression
Broadbanding
Range Penetration
Internal Equity
Lag the Market
Consumer Price Index (CPI)
Salary Grade
Mode
Hours of Work
Sales Compensation
Minimum Wage
Compensable Factors
Shift Differentials
Green Circle Rate
Step Rates
Cost of Labor
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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