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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Reserve

Several definitions: 1) Usually, this is an account, which establishes the amount needed to pay future claims. (2) If used in terms of Life Insurance, 'Reserve' refers to policy reserve. (3) In terms of investments, 'reserve' includes savings, social security payments, investment portfolios and insurance. See also policy reserve.

Reservation Wage
Reserve Strengthening

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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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