Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Variable Universal Life Insurance
A form of life insurance (also called Universal Life II or flexible life) offering a guaranteed death benefit that combines the flexible premium features of universal life with the investment component of variable life.
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Job Family
Restricted Stock
Defined Contribution Plans
Mean
Lead Pay Structure Policy
Market Pricing
Lead-Lag Pay Structure Policy
Linear Regression
Black-Scholes Model Z
Works Council
Benchmarking
Standard Error of Estimate
Bonus
Quartile
Salary Grade
Mode
Pay Equity
Job Evaluation
Midpoint Progression
Shift Differentials
Percentile
Mix
FICA
Geographic Differential
Foreign Earned Income Exclusion
Long-Term Incentive Plan
Benchmark Job
Total Rewards
Median
Merit Increase
Stock Option Incentive
Step Rates
Aging Survey Data
Green Circle Rate
Compa-Ratio
Annual Incentive
Market Based Salary Increase Budget
Coefficient of Determination
Salary Structure Change
Consumer Price Index (CPI)
Pay Grade
Individual Retirement Account (IRA)
Cost of Living
Market Index
Red Circle Rate
Lag the Market
Defined Benefit Plans
Minimum Wage
Gender Pay Gap
General Salary Increase
Pay Range Overlap
Range
Cost of Labor
Sales Compensation
Range Penetration
Turnover
Year of Service
Demotion
Standard Deviation
Internal Equity
Range Spread
Compensable Factors
Hours of Work
Lump Sum Merit
Broadbanding
Promotional Increase
Salary Range
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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