Using the Salary Assessor > Frequently Asked Questions

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Using the Salary Assessor

1.What data may be modified and how will it affect salaries?

3.For the position "Store Manager", the salaries vary greatly based on whether I use an individual store revenue or the entire chain revenue (under "Salary Adjustments"). Should I use the revenue for the store or the entire organization?

Data Background Information

1.Is the Salary Assessor a salary survey?

2.Do salaries reported in the Salary Assessor include bonuses or incentive pay or other compensation?

3.What is the definition for 'years of experience' utilized by ERI to determine salaries? Does 'years experience' mean?

4.Does one (1) year of experience represent entry-level?

5.Is the Salary Assessor database a historical database? If I run a report one quarter using a past date, then run a report the next quarter using the same past date, will the salaries/wages reported be different?

6.What are the sources of data for salaries by level of responsibility, i.e, Level 1, Level 2, and Level 3?

7.What does the term "Assets" refer to for the Financial industry?

8.How is the Renter's Cost of Living calculated in the Geographic List?

FAQs Common to Multiple Assessor Series Applications

1.Where do the numbers for salaries and wages come from?

2.Where do the numbers for cost of living come from?

3.What is the difference between wage and cost-of-living differentials?

4.How is wage data compiled and how old is the survey data used in ERI analyses?

5.How is a "job" selected to be included in the Assessor Series? What is the wage and salary survey sample size? How do we know that a valid sample size was used to calculate the Assessor Series area wage differentials?

6.What salary surveys are used by ERI? Is there a way to find out which surveys are providing the data for a specific position in a specific geographic location?

7.We use ERI data in business valuation to assist with determining reasonable compensation for owners. In litigation, attorneys request the sources of the numbers and the size (number of incumbents) of the survey. Is there any way to find out how many respondents there are? Where do I find this information?

8.How is salary survey data weighted?

9.How does ERI reconcile weighted average and median pay data with position years of experience ranges when some salary surveys do not report years of experience?

10.What is statistical analysis and how is it applied to salary and wage data?

11.Can I use the Assessor Series data as evidence for expert witness work?

12.Why are there different types of job descriptions available in the Assessor Series applications?

13.Can you confirm that the Assessor Series wage data comes only from non-union employers?

14.What do the "Incentive" amounts represent?

15.From other surveys I have used, the exempt status of each job was included. Is this not an option with this application?

16.Is the salary/wage data normalized to a 2080-hour year?

17.For executive compensation analyses, can I change the organization size from Revenue to Fiscal Year Budget?

18.When I set the salary planning date backwards, the Annualized Salary Trend displayed is one value (for example 3.00%), but the "Adjustment", or pro-rata figure, is a completely different value (for example, -2.91%). Why are they different?

19.Why can't I find a certain position?

20.Do position descriptions include requirements for advanced degrees? Do the salaries found in the Assessor Series® assume specific levels of education? I know what to pay someone with 13 years of experience, but how would I take into account that the person has a PhD?

21.How should I approach comparing pay in two different countries? Can I use Assessor Series® data to compare a position in Canada with its counterpart the United States? If I'm trying to develop geographic differentials for my company's US branch offices, as well as some branch locations in other countries, how do I translate US pay levels for international offices?

22.How does ERI compute National Average values? An alternate source that I'm using shows a different salary for 'X City' and a different salary for the National Average. How do you explain this?

23.Why can we access the data only during the quarter for which it is released? I understand that you want your customers to access the most up-to-date data, but what if we wish to compare this quarter with previous quarters' data?

24.We are looking at executive compensation in the Assessor Series® products and have a question concerning revenue as to whether it is "gross" or "net"?

25.Do any of the Assessors have a separate component for "security clearance" in the salary amounts?

26.What is the difference between User-Defined and Manual Averages?

27.How high up in pay do geographic pay differentials extend?

28.Are commissions included in compensation for sales positions?

29.How do you define "assets"?

30.Why is the ERI Closest Matching City found in a ZIP code search different than the Post Office City listed?

31.How are data from multiple salary surveys combined in the Assessor Series?

32.Does ERI collect data on per visit compensation?

33.Does ERI report target sales compensation?

34.What is the relationship between executive cash compensation in privately-held versus publicly-traded companies?

35.Why is organization size important when analyzing compensation?

36.What do the "base salary" amounts represent?

37.What do the "total cash" amounts represent?

38.Why don't you show pay figures for all public jobs?

39.Why are results different when comparing the XA and CA?

40.How can I ensure that ZIP codes are formatted correctly in Excel for use in an Assessor Series application?

41.How is the COL Comparison List in the Geographic Assessor different from the COL Table by Earnings in the Relocation Assessor?

42.How often is ERI Assessor Series data updated?

FAQs About ERI Economic Research Institute

1.What exactly does ERI do? What is the value of ERI's products to me?

2.How does your data compare with other firms who provide cost-of-living or wage and salary data?

3.What background regarding ERI can I share with management when discussing my organization's use of ERI data?

4.Which companies use ERI data?

5.What is different about ERI's products than those provided by major consulting firms?

6.Why do you sell your data on an annual subscription basis?

7.How do you keep your costs so low?

8.I'm having trouble using an ERI application. How can I contact ERI?