Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Wage Structure
Usually established within an organization, but can be set at the national level, these are the levels or hierarchy of job and pay ranges. The wage structure is also referred to as salary structure, job grades, job-evaluation points and policy lines.
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Mean
Merit Increase
Bonus
Job Family
Mix
Stock Option Incentive
Black-Scholes Model Z
Pay Range Overlap
Annual Incentive
Restricted Stock
Percentile
Job Evaluation
Defined Benefit Plans
Year of Service
Salary Structure Change
Benchmarking
Lump Sum Merit
Market Pricing
Sales Compensation
Lead-Lag Pay Structure Policy
Total Rewards
Lag the Market
Range Penetration
Quartile
Turnover
Cost of Labor
Minimum Wage
FICA
Promotional Increase
Demotion
General Salary Increase
Aging Survey Data
Individual Retirement Account (IRA)
Step Rates
Salary Grade
Median
Linear Regression
Internal Equity
Compa-Ratio
Range Spread
Shift Differentials
Range
Consumer Price Index (CPI)
Defined Contribution Plans
Lead Pay Structure Policy
Midpoint Progression
Green Circle Rate
Works Council
Coefficient of Determination
Salary Range
Benchmark Job
Mode
Broadbanding
Gender Pay Gap
Pay Equity
Pay Grade
Geographic Differential
Hours of Work
Long-Term Incentive Plan
Standard Deviation
Cost of Living
Market Index
Foreign Earned Income Exclusion
Compensable Factors
Red Circle Rate
Standard Error of Estimate
Market Based Salary Increase Budget
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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