About ERI

About ERI Economic Research Institute

About ERI

ERI Economic Research Institute was founded in 1987 to provide Human Resource research for private and public organizations in the form of published reports and software database products. turnovers for ERI are earned solely from these software and publication sales. ERI does not provide fee-for-service consulting.

ERI’s research database software subscriptions are available to management, analysts and consultants and are now widely used by client organizations (over 7,000 corporate and consulting subscribers affecting even more organizations’ pay practices). Subscribers include corporate compensation, relocation, human resources, and other professionals as well as independent consultants and counselors, and U.S. and Canadian public sector administrators (including military, law enforcement, city/county, state/provincial, and federal government pay administrators). ERI analyses are not available to the general public.

ERI’s founder first developed the concepts related to the use of simple linear regression models for area wage and salary differentials in 1974. ERI’s present multiple regression techniques were developed in the late 1980s and are continuously refined each year. Cost-of-living models originated in 1989 as the result of subscriber requests that ERI research and report area cost differentials in addition to wage differentials. (COL analyses were further in demand because the BLS had decided to discontinue its Urban Family of Four Index.) ERI methodology has benefited greatly in recent years due to the refinement of analyses as well as the increasing availability of data relating to wages, benefits, and costs.

ERI’s research software database applications are available for purchase on an annual subscription basis. This software includes the following listing and ERI’s Platform Library™ and DLC Wizard, which also contain complimentary resource data and application tools to assist research analyses.

The Geographic Assessor® software and databases calculate salary and cost-of-living differentials between any of 7,200 U.S. and Canadian cities and neighborhoods and summarizes both percentage and dollar differentials between any base city and up to 99 comparison cities at a time. Research for the Geographic Assessor software and databases focuses on the presentation of wage and salary structures for each geographic area based upon consensus regression analyses of salary surveys, and also incorporates summary cost-of-living data from the Relocation Assessor® software and databases. Immigration Prevailing Wage Reports can be created with Internet links to online surveys, and an analysis of potential overpayment created by use of the U.S. OES survey is included. European editions were released in 2002.

The Salary Assessor® software and databases provide "consensus" wage and base salary (mean and median) ranges for 4,600+ different position titles as compiled from available published survey sources. Estimates may be adjusted for user inputs of salary planning date, metro area, industry, and company size. The Salary Assessor software and databases include position descriptions for job matching. Benchmark listings for jobs by industry as well as multiple area listings for a single job in up to 99 metro areas are provided in summary listings. Includes reliability statistics to meet a Daubert challenge and position descriptions, helping to simplify a managers or HR professional’s job (with crosswalks to DOT, O*Net, UK, US, or Canada SOCs, ISCO and other position descriptions). European editions were released in 2002 with 54,000 related titles.

The Relocation Assessor software and databases provide cost-of-living comparisons and reports between any of 10,000 locations worldwide. This application provides necessary information useful for permanent transfers or temporary COL allowances. User inputs include: spending level; currency, living areas; home rental or ownership (mortgage specifications); home size; family size; tax residency, and number of automobiles, miles driven, and value. It allows rent versus home ownership analyses and provides income tax analyses for 189 countries. Like all Assessors, it allows one to personalize reports to show them as being derived from a subscriber’s office.

The Executive Compensation Assessor™ software and databases provide analyses of total compensation for 350 top management position titles as defined from over 14,000 companies per year (proxy and 10-K analyses), analyzed by organization size, geographic location, and industry. Used in conjunction with ERI’s Platform Library, subscribers may review actual proxy Summary Compensation Tables.

The Benefit and Compensation Administration Assessor software and databases (formerly the Benefit Assessor® for DOS) provide database and Internet applications including discrimination testing, administration, labor cost modeling and other applications. A beta version is provided on a complimentary basis to subscribers in 2002.

Available from ERI'S Platform Library™ is the Comparables Listing module, providing a comparables retrieval of up to 20 of the closest publicly traded companies (compared to area, industry, year, and/or size) and a host of other free Resources including a free Nonprofit Assessor for charitable organizations that could not otherwise afford to access competitive data.

These programs and databases also serve as the example applications used in all ERI Distance Learning Center Courses found at www.eridlc.com. Using ERI’s Platform Library™ and DLC Wizard, the speed at which course retrievals of references, workshop examples, and analyses exercises is greatly accelerated. Courses may be taken for continuing education credit by agents, CPAs or attorneys (credit varies by state and province). Instructors may utilize the DLC Wizard to post courses on the Internet and to track class and individual performances.

The ERI Distance Learning Center was initiated with courses designed to refresh professionals’ knowledge for continuing education credit and/or train analysts in compensation & benefit matters that relate to ERI Assessor Series™ analyses. Our Internet Based Benefit & Compensation Administration textbook is complimentary and can be found at www.eridlc.com. Courses are free (with a fee for continuing education credit testing).

ERI’s reference manuals, or the Reference Report Series, are found in 10,000 companies and libraries across North America today. The International Reference Report profiles salary, costs, and demographic summaries for 300 major metropolitan areas in 189 countries. The Geographic Reference Report profiles salary, costs, and demographic summaries for 298 major metropolitan areas in Canada and the United States. ERI’s Revised Dictionary of Occupational Titles combines the prose of the now discontinued U.S. edition, consensus descriptions developed from over 2,000 salary surveys, and prose and codes from Canadian, UK, Europe, and all member states of the UN.

ERI provides several research sites free of charge: www.erieri.com/soctrends, a presentation of the latest OES salary survey data; HR Tax Codes & Laws found on the Wall Street Journal’s CareerJournal.com website; and ERI’s historical library of Form 990, proxy, and 10-K forms; see www.erieri.com (this data is also available via the WorldatWork and WSJ CareerJournal Internet sites).

ERI Economic Research Institute primarily serves private industry (the public sector, the IRS, and libraries comprise approximately 20% of our subscribers). Our salary structure analyses have been in use since 1974; the PC software to extract competitive wage and salary rates since 1987; and our COL analyses since 1989. ERI does not provide consulting services. EIN 33-0356443, Duns # 60977744, CAGE code 0XP39.

ERI Economic Research Institute

8575 - 164th Avenue NE, Suite 100, Redmond, WA 98052 USA

Telephone (800) 627-3697 or (425) 556-0205,

Fax (800) 753-4415, E-Mail info@erieri.com

www.erieri.com

Assessor Series™ software database access is leased to subscriber.

Re-sale of Assessor Series or Reference Series data is prohibited.

Posting of Assessor Series data or results on the Internet is also prohibited.

Web sites references checked on 3/26/2002. Please see Links to Third Party Web Sites for more information.