Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Contracts

In common law, employment is viewed and treated as a contract, and as such is subject to all the usual laws of contracts. Consideration must, therefore pass from one party to another for a contract to be considered to be binding and for the statute of frauds to apply.
Previous

Contract Year

Next

Contributed Surplus

POPULAR BLOGS

POPULAR BLOGS

Discover what ERI can do for you

See how our compensation management solutions can ensure your salary planning strategy is a success.

Schedule a personalized demo

WHITE PAPERS

Top Performing White Papers

National Compensation Forecast July 2026

Read More

Global Minimum Wage Trends – July 2026

Read More

Planning Global Compensation Budgets for 2027

Read More
View All White Papers