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.

A B C D E F G H I J K L M N O P Q R S T U V W - Z

Mail-Order Prescription Drug Plan

A plan that provides for coverage of prescription drugs by mail order. Typically a 90-day supply is allowed in each order, and co-payments are more cost-effective than those required for a 30-day supply.

Luxury Automobiles
Major Medical Coverage

Planning Compensation Incentives That Maximize Workforce Engagement

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Planning Global Compensation Budgets for 2024 - March Updated

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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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