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QUESTION: Where do the numbers for salaries and wages come from?
For over 20 years, ERI’s methodology has been designed so as to be a premiere provider of quality information and survey data. All available salary surveys sources for jobs have been carefully evaluated for validity, reliability and use. Unreliable data sources and questionable data are identified and excluded from ERI’s analysis in order to assure ERI’s findings continue to meet the criteria of expert witnesses and acceptability in courts of law.
ERI methodology has evolved over the past two decades in our pursuit of the highest quality standards in our expanded offering of products. During the past two decades ERI has won the patent for online interactive salary surveys, managed that patented survey (http://www.SalariesReview.com) for 10 years, seen the emergence of the Internet and supporting technologies such as optical character recognition data retrieval, built trusting relationships where we exchange data and products with 100s of survey firms, and contracted for leased proprietary datasets.
We have also purchased PAQ Services, Inc. whose PAQ questionnaire has been collecting precise salary & incentive survey data since 1974, with over a million subject matter expert field job analyses in its databases. ERI Economic Research Institute now collects data regarding competitive rates of pay, as well as COL and job characteristics, in 37 countries (including the US, Canada, UK and the EU). Data sources and survey methods can be characterized as:
Analysis is conducted on wages by geographic area, size of company, job level, years of experience and industry.
In summary, ERI has grown its data collection from a simple outsourcing of salary survey analyses into being a full-fledged survey and research firm utilizing proven methodologies and sources.
A question to ask any provider of competitive salary information is “where do you get your data?” Over the next ten years, ERI expects the trend of seeing fewer and fewer viable salary survey organizations and surveys to continue.
Unless other providers of salary information are optically reading, sponsoring their own surveys (such as SalariesReview.com, etc.), leasing identified databases and/or taking the time and resources needed to research legislated, union, and other sources, then some obvious conclusions can be drawn as to the other providers data and reliability. The quality of ERI data is what distinguishes ERI from other providers.
Please see your Assessor Methodology for more information. |