Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Total Net Pay
The remaining amount of an employee's gross pay after all deductions, such as taxes and retirement contributions, have been made. Because of these payroll deductions, an individual's total net pay (or take home pay) differs significantly from their gross pay.
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Compa-Ratio
Long-Term Incentive Plan
Lump Sum Merit
Coefficient of Determination
General Salary Increase
Foreign Earned Income Exclusion
Salary Grade
Median
Mix
Market Pricing
Internal Equity
Red Circle Rate
Market Index
Mean
Salary Structure Change
Standard Deviation
Green Circle Rate
Restricted Stock
Defined Contribution Plans
Bonus
Job Evaluation
Linear Regression
Range Penetration
Salary Range
Range Spread
Lead-Lag Pay Structure Policy
Promotional Increase
Job Family
Minimum Wage
FICA
Lead Pay Structure Policy
Defined Benefit Plans
Stock Option Incentive
Turnover
Total Rewards
Demotion
Broadbanding
Step Rates
Benchmark Job
Gender Pay Gap
Midpoint Progression
Shift Differentials
Black-Scholes Model Z
Hours of Work
Percentile
Aging Survey Data
Cost of Living
Individual Retirement Account (IRA)
Pay Grade
Range
Pay Range Overlap
Pay Equity
Mode
Market Based Salary Increase Budget
Benchmarking
Year of Service
Sales Compensation
Standard Error of Estimate
Cost of Labor
Works Council
Compensable Factors
Annual Incentive
Quartile
Geographic Differential
Consumer Price Index (CPI)
Merit Increase
Lag the Market
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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