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