SalaryExpert is pleased to provide a glossary of compensation terms and formulas for your ongoing reference for July 2024. Terms include compensation benchmarking, shift differential, cost of living, and much more. Find definitions for common compensation terms and the latest salary terms.

SalaryExpert's glossary includes useful compensation formulas, such as Excel pivot chart, salary range, and much more. Find information on compensation formulas and which business situations call for the use of certain formulas. Learn about essential compensation terminology used widely in the HR world.