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