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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Face Page

This is the first page of an insurance agreement. This page typically includes the name of the insured party, their age and the name of the policyowner if it is different from the insured's name. This page also states the amount of the premiums, the agreement number, date on which the parties entered into an agreement. Lastly, this page normally has the signatures of both the president and the secretary of the company.

F Statement No. 88
Face Validity

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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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