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