Geographic Salary Differentials
The percent difference between pay levels for an occupation in two or more geographic areas. Due to the demand for and supply of labor, an employee may be paid more or less depending on where she works. This makes setting branch-office salaries complicated, as they must be adjusted for the local labor market pricing (and in some cases the local cost of living). ERI's Geographic Assessor and Salary Assessor software aid in planning salaries for positions in multiple locations. See www.erieri.com.
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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
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