Glossary

ERI Economic Research Institute is pleased to provide an expanded and updated glossary of commonly used compensation terms and formulas for your ongoing reference.

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Exclusions

These are losses not covered by an insurance policy. In terms of Accidental death policies, exclusions would be causes of death not deemed to be accidental. In terms of health insurance, this would be losses not insured (those that were pre-existing, surgeries that are cosmetic in nature or injuries that are self inflicted.

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Common Compensation Terms and Formulas

  • Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
  • Salary structure formulas and strategies
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