Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Statutory Accounting Practices (SAP)
Principles required by statute that must be followed by an insurance company when submitting its financial statements to the various state insurance departments. Such principles differ from the Generally Accepted Accounting Principles (GAAP).
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Pay Range Overlap
General Salary Increase
Shift Differentials
Aging Survey Data
Pay Grade
Stock Option Incentive
Minimum Wage
Standard Error of Estimate
Lag the Market
Geographic Differential
Benchmark Job
Mode
Consumer Price Index (CPI)
Lead-Lag Pay Structure Policy
Gender Pay Gap
Promotional Increase
Black-Scholes Model Z
Mix
Green Circle Rate
Foreign Earned Income Exclusion
Restricted Stock
Standard Deviation
Percentile
Internal Equity
Sales Compensation
Lead Pay Structure Policy
Defined Contribution Plans
Benchmarking
Market Based Salary Increase Budget
Compensable Factors
Salary Structure Change
Hours of Work
Coefficient of Determination
Market Index
Range Penetration
FICA
Long-Term Incentive Plan
Midpoint Progression
Quartile
Pay Equity
Job Family
Works Council
Total Rewards
Turnover
Median
Red Circle Rate
Step Rates
Linear Regression
Mean
Merit Increase
Bonus
Salary Range
Individual Retirement Account (IRA)
Salary Grade
Cost of Living
Demotion
Defined Benefit Plans
Cost of Labor
Compa-Ratio
Broadbanding
Lump Sum Merit
Annual Incentive
Range Spread
Job Evaluation
Market Pricing
Year of Service
Range
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Common Compensation Terms and Formulas - January 2026
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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