Find the right compensation solution for you

ERI has the tools that HR and compensation professionals need to properly set wages, determine the cost of labor, develop lasting pay structures and so much more.

Schedule a walkthrough to discover which ERI products will fit your needs.

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Reimagine how you salary plan

ERI provides a massive compensation database, but we also offer state-of-the-art compensation software to analyze the database and fit your needs as a compensation professional. See our salary software features below.

Global Locations

Jobs

Industries

Compensation

Compensation Data

Find market rates for jobs by location, industry, and size
Customize compensation rates based on experience, revenue/assets, shift differentials, education, direct oversight, skills, and certifications (including clearances)
Benchmark base salary, incentive, long-term incentive, and total cash at various percentiles
Analyze executive compensation

Salary Survey Data

Compare compensation for jobs worldwide using employer-provided salary survey data
Harness advanced analytics, including meta-analysis and machine learning, to inform strategic pay decisions
Rely on curated datasets to eliminate inaccurate or irrelevant data, ensuring defensible results
Maintain precision with each job reviewed and audited twice per quarter

Planning

Compensation Management

Manage complex compensation plans from initial planning to final employee communication
Review and apply salary increases, incentive plans, benefits, and discretionary incentives with HR guidance and control
Easily update employee details using HRIS integration or upload
Get onboarding support to set up and optimize your Compensation Management platform

Survey Management

Upload and manage all your salary surveys in one place
Automatically combine surveys using a selection of accepted methods
Integrate newly calculated market rates with your data to determine market adherence
Create hybrid jobs to customize positions for your specific business needs

Location Solutions

Cost of Labor and Cost of Living Differentials

Cost of living and cost of labor analyses across multiple cities worldwide
Track current and scheduled minimum wage changes across the U.S. and Canada
User-defined regions
Comparisons by salary percentages or pay periods with the ability to save lists for future use

Compensation News Alerts

Minimum Wage Alerts: Cities and states are constantly updating minimum wage regulations. We will alert you if one of your employees drops below a local minimum wage rate.
FLSA Alerts: Cities and states are constantly updating FLSA overtime exemption regulations. We will alert you if one of your employees appears to be in violation of a regulation.

What’s New

Export a Total Rewards Statement for an individual employee or all employees in a department in Compensation Management.
Get updated Salary Trend Rates with flexible growth modeling using AI.
Define pay grade structures and assign jobs to grades using ERI’s new AI Pay Grade Creation tool.
Get survey data on benefits offered, health care coverage, and paid time off (PTO) in Canada and the United States.
Customize geographic differentials to a selected industry sector in the Geographic Assessor’s Cost of Labor List.
Sync pay grade structures and pay grades to jobs in your Employee List in Compensation Management.
Use the new HRIS sync to integrate employee data from your HRIS provider with ERI’s Compensation Management platform.
Create AI-generated job descriptions and use AI-powered job matching to match your internal job titles to ERI job titles.
Visualize overall differences in compensation for selected groups in Pay Equity.
Search by latitude & longitude (U.S. only) for Minimum Wage data in the Geographic Assessor.
Use the new Direct Oversight adjustment to apply pay premiums to a job based on the number of direct reports assigned to the role.

See what else is new

More Software Highlights

Update employee compensation to align with market data, pay grade midpoint, or pay grade range using the new Employee Pay Alignment report.
Export notification reports for violations related to FLSA, minimum wage, pay grade and market index, and merit over/under.
View pay grade metrics to analyze progressions, ranges, market rates of jobs in grades, and adherence to market.
Plan benefits administration, including health & wellness benefits, financial & retirement benefits, time-off & leave benefits, and additional benefits.
View total compensation data in the Salary Assessor, including long-term incentives and equity compensation.
Import and classify your third-party surveys, compare them with ERI Assessor Series data, and use job-level market pricing tools in Survey Management.
Export state and local Pay Transparency rules to Excel from the Geographic Assessor’s Minimum Wage application.
Identify issues with internal compensation at the job or employee level, check for pay compression, and examine pay equity for protected groups.
Apply shift differentials for day, evening, or swing shifts.
Stack up to three certifications and three skill premiums per job.
Add security clearances and modify education levels to customize your compensation analyses for specific jobs.

See all software features

Why Trust ERI’s Data

ERI Economic Research Institute was founded over 35 years ago to provide trusted compensation data for private and public organizations. ERI compiles the comprehensive salary, cost-of-living, and executive compensation survey data, complete with real-time, global market data. ERI combines its state-of-the-art data with advanced compensation management solutions, empowering organizations with control and oversight of their workforce. Data are analyzed using both cutting-edge AI methods and traditional statistics, with analytical methods tailored to the scenario.

Advanced analytics, such as machine learning, longitudinal analysis, and meta-analysis, are all part of our state-of-the-art methodology, which enables us to understand how each job fits into its organization, location, and industry. Compensation data sourced from internal surveys, third-party surveys, and public sources provide a robust sample that is second to none in terms of volume and quality. Our constantly updated database allows us to determine how market forces influence each job title’s compensation. Convergent validation has shown 99% agreement between Salary Assessor results and time-matched survey responses.

View our white paper on the subject for more information.

Salary Survey Process

Survey Participation

Each year, we open a participation window from October to April. During that time, we reach out to companies and give them the opportunity to participate and contribute their salary survey data and benefits information.

Salary Data Review

After data collection is complete, the salary data are reviewed by our Ph.D. statisticians for quality and consistency. If there are any salary data discrepancies, participating organizations are contacted for clarification and correction.

Salary Survey Results

After the salary data are collected and verified, summary statistics (such as mean salary data) are calculated, and the results are published for customers to utilize.

Need help with your compensation plan?

We offer continuing onboarding support for our products, as well as bespoke compensation planning services. We can tailor our products and services exactly to your business needs, regardless of size, revenue, or industry. Sometimes compensation can be complicated and time-consuming. We’re here to help.

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