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