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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Life Income Option with Period Certain

A life insurance settlement option that guarantees the beneficiary designated equal payments for a specified period of time. Then the beneficiary will continue to pay out the life insurance as long as the beneficiary lives. If the beneficiary dies during the specified period of time, payment will be continued during the rest of the specified time to another recipient designated by the original beneficiary.

Life Income Option
Life Income Option with Refund

Planning Compensation Incentives That Maximize Workforce Engagement

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Planning Global Compensation Budgets for 2024 - March Updated

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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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