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QUESTION  What is the definition for "years of experience" utilized by ERI to determine salaries? Does "years of experience" mean:

•Years an individual has been at a specific position for the individual's current employer?

•Years an individual has been at a specific position at any employer?

•Years an individual has been in the work force?

 

"Years of experience" generally refers to total years of directly related experience in a position from any and all employers.

 

Through data analysis, ERI determines the maximum years of experience for each job, and then reports the All Incumbent Average at the mid-point between one year of experience and maximum years of experience.

 

ERI methodology tracks the salaries and experience reported by multiple sources. By using multiple sources, the relationship between experience and pay becomes more robust (with natural "checks" on outlier data) than if just a single survey source is utilized.

 

To Customize Years of Experience

See Customize Years of Experience