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 Strengthening

This is the process whereby additional policy reserves are set up, using a formula determined in a disability income policy. The percentage of income lost is usually what determines the amount of the benefit. See partial disability benefit.

Reserve
Resisted Claim

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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