Long-Term Compensation
Long-term compensation is generally any cash compensation paid for work/services from prior to last year per a multi-year contract or other extended pay agreement. Typical examples of long-term compensation include the current year’s cash payouts for the third installment of a five-year incentive plan or current cash paid pursuant to a deferred compensation agreement in which an employee might receive 10% of last year’s bonus this year (and each of the next nine years).
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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.
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