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.

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Certificate of Insurance

A document given to the insured by the organization insurance plan. This document outlines the type and extent of coverage to which the organization member is entitled and the beneficiary of that coverage. Very often, the certificate will also contain a rundown of the contract terms as they affect individual organization members. See also master contract.

Certificate of Indebtedness
Cession

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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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