Severance / Benefits Continuation
This is a term employed to describe the continuation of the salary of an employee after he or she has been terminated, which is paid either on a continuation basis or in a lump sum. The amount of the severance is typically contingent upon the length of time the employee served the company.
Planning Compensation Incentives That Maximize Workforce Engagement
Download This White Paper
Planning Global Compensation Budgets for 2024 - March Updated
Download This White PaperCompensation News Webinars
Further HR your training with our Distance Learning Center Webinars. These courses will earn you credits for a variety of certifications including, SHRM, HRCI, CCP and more.
About ERI
ERI Economic Research Institute was founded over 30 years ago to provide compensation applications for private and public organizations. ERI Economic Research Institute compiles the most robust salary, cost of living, and executive compensation survey data available, with updated market data for more than 1,100 industry sectors. ERI collects salary survey data from internal surveys, third-party salary surveys, and public sources to calculate geographic salary differentials and assist with compensation planning.
Try Our Software Now
Access a small portion of our data and experience our Assessor Series at your own pace.
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