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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Promotional Increase
Turnover
Range Penetration
Defined Contribution Plans
Year of Service
Linear Regression
Range
Standard Error of Estimate
Stock Option Incentive
Compensable Factors
Step Rates
Green Circle Rate
Pay Grade
Percentile
Cost of Living
Benchmarking
Standard Deviation
Individual Retirement Account (IRA)
Geographic Differential
Annual Incentive
Consumer Price Index (CPI)
Lead Pay Structure Policy
Range Spread
Hours of Work
Coefficient of Determination
General Salary Increase
Sales Compensation
Lag the Market
Salary Range
Defined Benefit Plans
Lump Sum Merit
Works Council
Broadbanding
Cost of Labor
Aging Survey Data
Shift Differentials
Gender Pay Gap
Foreign Earned Income Exclusion
Merit Increase
Midpoint Progression
Pay Range Overlap
Internal Equity
Demotion
Job Family
Bonus
Benchmark Job
Market Based Salary Increase Budget
Job Evaluation
Pay Equity
Red Circle Rate
Minimum Wage
Quartile
Compa-Ratio
Long-Term Incentive Plan
Market Index
Mix
Mode
Lead-Lag Pay Structure Policy
Market Pricing
Mean
Median
Restricted Stock
Salary Structure Change
Black-Scholes Model Z
Total Rewards
FICA
Salary Grade
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Common Compensation Terms and Formulas - January 2026
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