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