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