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

Certificate of Assumption

In terms of assumption reinsurance, this is a certificate sent to each 'transferor of risk' or 'ceding company' to give the policy owner notice that: (1) the risk had been assumed, and (2) pertinent information about the new insurer, assuming company, or the REINSURER.

Certain Payment
Certificate of Authority

Planning Compensation Incentives That Maximize Workforce Engagement

Download This White Paper

Planning Global Compensation Budgets for 2024 - March Updated

Download This White Paper
Compensation 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
Download Now