Compensation Glossary
Welcome to ERI SalaryExpert's compensation glossary, your resource for commonly used terms, formulas, and phrases related to compensation.
Wellness Programs
Activities designed to promote safety and good health among employees to reduce the costs of accidents and illness. Physical fitness programs, smoking cessation, health risk appraisals, weight loss programs, and stress management are examples of wellness programs.
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General Salary Increase
Aging Survey Data
Geographic Differential
Turnover
Coefficient of Determination
Lag the Market
Defined Contribution Plans
Cost of Living
Midpoint Progression
Total Rewards
Bonus
Market Index
Linear Regression
Merit Increase
Pay Equity
Compensable Factors
Shift Differentials
Black-Scholes Model Z
Median
Internal Equity
Mean
Annual Incentive
Individual Retirement Account (IRA)
Year of Service
Consumer Price Index (CPI)
Salary Grade
Standard Error of Estimate
Green Circle Rate
Demotion
Lump Sum Merit
Range Penetration
Benchmarking
Minimum Wage
Salary Structure Change
Stock Option Incentive
Step Rates
Lead Pay Structure Policy
Sales Compensation
Market Pricing
Works Council
Salary Range
Gender Pay Gap
Pay Grade
Standard Deviation
Red Circle Rate
Broadbanding
Mode
Job Evaluation
Lead-Lag Pay Structure Policy
Pay Range Overlap
Job Family
Quartile
Foreign Earned Income Exclusion
Promotional Increase
Compa-Ratio
FICA
Percentile
Cost of Labor
Hours of Work
Long-Term Incentive Plan
Range
Range Spread
Restricted Stock
Benchmark Job
Mix
Defined Benefit Plans
Market Based Salary Increase Budget
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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.
Learn More
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