Covered Compensation
The foundation for integrating pension plan with Social Security benefits. The IRS defines it in its regulation as, the average of the 35 years of Social Security wage bases up to and including the year an employee reaches the age of eligibility (retirement).
Planning Compensation Incentives That Maximize Workforce Engagement
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Planning Global Compensation Budgets for 2024 - March Updated
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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.
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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