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