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