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