A payment in addition to base salary that is made regardless of performance, e.g., an incentive award that is guaranteed, usually to a new hire or to a newly promoted person. It is usually nonrecoverable by the company.
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ERI Economic Research institute compiles the most robust salary, cost-of-living, and executive compensation survey data available, with current market data for more than 1,000 industry sectors. The majority of the Fortune 500 and thousands of other small and medium sized organizations rely on ERI data and analytics for compensation and salary planning, relocations, disability determinations, board professionals, and setting branch office salary structures in the United States, Canada, and worldwide.