ABOUT ERI
ERI Economic Research Institute was founded over 35 years ago to provide compensation applications for private and public organizations. ERI 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. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
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Why You Should Trust ERI’s Salary Survey Data
The accuracy of our compensation data is our number one priority because thousands of companies rely on ERI’s data for their compensation planning needs. For over 35 years, ERI has been focused on researching compensation. Our only business is data. We employ Ph.D. level data scientists and seasoned compensation professionals who provide an unrivaled level of expertise.
Advanced analytics, such as machine learning, longitudinal analysis, and meta-analysis, are all part of our methodology, which enables us to understand how each job fits into its organization, location, and industry, and how market forces influence its compensation. Data sourced from internal surveys, third-party surveys, public sources, customer HRIS data, and proprietary databases provide a robust sample that is second to none in terms of volume and quality. Convergent validation has shown 99% agreement between Salary Assessor results and time-matched survey responses.
Data are gathered from five sources: ERI’s salary surveys, customer HRIS data, data from proxies/10-Ks and Forms 990, proprietary databases, and purchased survey data.
Explore ERI’s wage, salary, and compensation databases of 35,600+ job titles, 1,100+ industries, and 10,500+ locations.
ERI analysts double-check the results for each job every quarter.
ERI conducts advanced analytics to accurately capture the full scope of an occupation and how it exists in the economy.
After compiling the data, we conduct QA to ensure data are of the highest quality.
Data Collection
Data are gathered from five sources: ERI’s salary surveys, customer HRIS data, data from proxies/10-Ks and Forms 990, proprietary databases, and purchased survey data.
Analysis
ERI conducts advanced analytics to accurately capture the full scope of an occupation and how it exists in the economy.
ERI Results
Explore ERI’s wage, salary, and compensation databases of 35,600+ job titles, 1,100+ industries, and 10,500+ locations.
Data Verification
After compiling the data, we conduct QA to ensure data are of the highest quality.
Quality Assurance
ERI analysts double-check the results for each job every quarter.
Salary Survey Process
Survey Participation
Each year, we open a participation window from October to April. During that time, we reach out to companies and give them the opportunity to participate and contribute their salary survey data and benefits information.
Salary Data Review
After data collection is complete, the salary data are reviewed by our Ph.D. statisticians for quality and consistency. If there are any salary data discrepancies, participating organizations are contacted for clarification and correction.
Salary Survey Results
After the salary data are collected and verified, summary statistics (such as mean salary data) are calculated, and the results are published for customers to utilize.
"…It has helped us immediately be able to price jobs and then submit these proposals and then be able to price our bids effectively and efficiently…"
VP, Human Resources
Aleut Management Services
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