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