ERI provides Salary Survey data to Human Resource professionals.

ERI Economic Research Institute was founded in 1987 to provide salary survey and cost-of-living research to HR professionals in the form of survey software databases, published salary reports, and online salary surveys. Human resource managers, directors and executives all over the world rely on our compensation analyses to set individual pay, adjust branch office salary structures, and set relocation allowances.

Setting Employee Relocation Allowances?

To calculate cost-of-living differentials between over 10,000 locations worldwide, please see ERI’s Relocation Assessor software. With this desktop software application, you can compare living costs between 2 of 10,000 locations worldwide. Users customize their cost-of-living comparisons by inputting the employee’s location, earnings level, family size, and spending patterns. Then this software calculates the change in housing costs, taxes, health care, consumables, transportation, etc., that the employee will experience in the new location. This enables organizations to set fair relocation allowances for domestic or international transfers.

Advantages of ERI's Salary and Cost of Living software

Advantages of ERI's Salary and Cost of Living software

·         Save Time: ERI is a well-established pay survey compilation and extraction service that provides market analyses via our compensation survey software. Our survey library includes thousands of privately published cost-of-living and salary surveys from around the world. We do the research so you can perform the HR applications.

·         Cost Effective: Set competitive salaries for every position in your company – from clerk to Chief Executive – using a single salary database. Make unlimited salary and cost-of-living analyses in-house.

·         Organisation Specific: ERI’s interactive software provides survey data that is specific to your organisation’s industry, location, size, positions, pay strategy, and employee experience.

·         Easy to Use: We offer unlimited subscriber support via teleconferences, tutorials, and our call centre.

To learn more or to request a free demonstration CD-ROM, please call 0207 993 8951, or click here to download free demos of our software today.

Cost of Living Comparison for Students

Salaryexpert.com has created two tools to help current or prospective students to plan for their education and careers.

·         Student Cost of Living Calculator allows you to compare the cost of living between two cities using a typical student standard of living.

·         Career Salary Potential Calculator allows you to see a projection of what the annual salary will be 15 years from now for thousands of jobs.

For Compensation Professionals please try the demo version of the Relocation Assessor or call me for a Guided Tour.

Cost of Living Data

Cost-of-Living Data

ERI downloads actual housing sales data from commercially available sources. Gasoline, consumables, medical care premium costs, and effective income tax rates are also just as accurate, and ERI research staff audit these sources with special area research projects. Again, what distinguishes ERI from other cost-of-living sources is that we attempt to provide an affordable in-house resource rather than an expensive consulting service.

Relocation Planning Courses

Relocation Planning Courses

Determining an Expatriate's Compensation     

Overview:
This course teaches you how to set compensation for employees being sent on foreign assignments. It covers how to choose employees for such assignments, how to compensate them with a series of allowances, and how to tax equalise their compensation. Keeping the employee whole is stressed, since he or she should not be penalised financially for accepting an overseas assignment.

Learning Objectives:

• Explain the effects of globalisation on the need for expatriate workers
  
• Determine appropriate allowances and benefits for expatriates
  
• Use the balance sheet approach to calculate expatriate compensation
  
• Discuss major tax issues unique to expatriates
  
• Use Internet sources and software programmes to calculate appropriate cost-of-living allowances

Employee Relocations    

Overview:
Employee relocation planning is a necessary part of many Human Resources jobs. This course teaches you how to set up employee relocation packages for executive relocation, new hires, and everything in between. You’ll learn how to establish home purchase assistance programmes that include real estate appraisal, home loans, and company mortgage assistance. You’ll also learn how to plan for the use of moving companies, travel allowances, and family assistance programmes to help with the settling in process. Finally, you’ll learn how to use a cost-of-living calculator that helps you compare cost of living by state and city in order to determine an adequate cost-of-living allowance for an employee relocation package.

Learning Objectives:

• Obtain moving estimates and insurance rates from moving companies
  
• Provide your relocating employees with moving tips to help them find desirable neighbourhoods, schools, and new jobs for working spouses
  
• Make a cost of living comparison based on cost of living index software in order to set relocation allowances
  
• Integrate family assistance with the relocation programme
  
• Establish complete financial relocation assistance for different employee groups, including for executive relocation, managerial employee relocation, professional employee relocation, and recruitment of new hires

Multiple Country Compensation Programs     

Overview:
As organisations expand across the globe, they require a separate compensation plan for each country in which they operate. This course shows you how to set pay and benefits for employees in multiple countries. It examines compensation for employees native to a host country and for employees transferred between countries. Special attention is focused on where to gather data for these complex compensation programs.

Learning Objectives:

• Understand the rationale behind the pay practices of foreign countries
  
• Develop pay plans for local and third country nationals
  
• Determine appropriate employee benefits (mandatory and elective)
  
• Identify important legal and cultural issues

Relocation of an Employee to a Foreign Assignment         

Overview:
This course walks you through the process of relocating an employee to a foreign country. We discuss choosing the employee, preparing the employee and family for life in a new country, selling the home, moving the household, the settling-in process and repatriation.

Learning Objectives:

• Prepare employees for foreign assignments
  
• Locate and complete the proper government documentation
  
• Research cost-of-living allowances
  
• Use Internet and software programmes to calculate relocation expenses
  
• Assist employees and their families to settle in the new country

International Facility Relocations       

Overview:
This course examines what factors you must consider when opening up or relocating a facility overseas. You first will learn about the shift of U.S. manufacturing to offshore locations and the internationalisation of marketing. Then you will find out how to gather data on potential plant locations, and how to integrate this data into a decision model. After this, you will learn about staffing a new facility and closing down a facility within the United States.

Learning Objectives:

• Understand the practical considerations of a facility relocation
  
• Explain background issues reflecting qualitative factors (such as lack of education) that may affect your relocation decision
  
• Calculate and analyze the labour-cost differences between two world locations
  
• Explain considerations involved in staffing a new operation with transferred employees or local-country nationals
  
• Discuss the steps that must be taken when closing down a U.S. facility

Cost of Living Calculator

Cost of Living Calculator 

ERI's Relocation Assessor^® is a desktop software application that compares cost-of-living levels in over 10,000 areas.

Create unlimited numbers of detailed two-city cost-of-living comparison reports in-house with this database programme. HR professionals and consultants utilise this software to calculate relocation bonuses for transferred employees.