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Tutorial: How to Use ERI's Executive Compensation Assessor

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Learn all about the services we offer
31 Pages
English

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Tutorial: How to Use ERI's Executive Compensation Assessor 1
1 Tutorial: How to Use ERI's Executive Compensation
Assessor
Welcome to ERI's Executive Compensation Assessor® (XA).
From now on in this tutorial, we'll refer to it by its abbreviation, XA.
This tutorial is a step-by-step guide on how to use the primary features of XA.
This tutorial covers:
Starting and Navigating XA
1Topic 1: How to Start XA
3Topic 2: How to Navigate XA
6Topic 3: How the Main Tabs and Windows Work Together
A Sample Analysis
7Topic 4: How to Use the Individual Profile Tab
15Topic 5: How to Use the Benchmark List Tab
16Topic 6: How to Use the Survey & Proxy Analyses Tab
22Topic 7: How to Use the Comparable Companies Window
Additional Features
27Topic 8: How to Use the Position Description Window
29Topic 9: How to Use the Valuations Tab
30Topic 10: How to Use the Black-Scholes Tab
1.1 Topic 1: How to Start XA
If you installed ERI's Platform Library® along with the Executive Compensation Assessor, then you
will have a "Salaries & Cost-of-Living" icon on your desktop:
Click the "Salaries and Cost-of-Living" icon on your desktop to run ERI's Platform Library:
Copyright © 2011 ERI Economic Research Institute 2 Tutorial: How to Use ERI's Executive Compensation Assessor
ERI's Platform Library is a "Grand Central Station." This easy-to-use interface lets you quickly run
ERI's Free Analyst Resources or any Assessor Series® application, including XA, from one central
location on your desktop ...

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1.1
Tutorial: How to Use ERI's Executive Compensation Assessor 1
Tutorial: How to Use ERI's Executive Compensation Assessor Welcome toERI's Executive Compensation Assessor®(XA). From now on in this tutorial, we'll refer to it by its abbreviation,XA. This tutorial is a step-by-step guide on how to use the primary features ofXA. This tutorial covers: Starting and Navigating XA Topic 1:How to Start XA1 Topic 2:How to Navigate XA3 Topic 3:How the Main Tabs and Windows Work Together6 A Sample Analysis Topic 4:How to Use the Individual Profile Tab7 Topic 5:How to Use the Benchmark List Tab15 Topic 6:How to Use the Survey & Proxy Analyses Tab16 Topic 7:How to Use the Comparable Companies Window22 Additional Features Topic 8:How to Use the Position Description Window27 Topic 9:How to Use the Valuations Tab29 Topic 10:How to Use the Black-Scholes Tab30
Topic 1: How to Start XA If you installedERI's Platform Library®along with theExecutive Compensation Assessor, then you will have a "Salaries & Cost-of-Living" icon on your desktop:
Click the "Salaries and Cost-of-Living" icon on your desktop to runERI's Platform Library:
Copyright © 2011 ERI Economic Research Institute
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Tutorial: How to Use ERI's Executive Compensation Assessor
ERI's Platform Library easy-to-use interface lets you quickly run Thisis a "Grand Central Station." ERI's Free Analyst Resources or anyAssessor Series®application, includingXA, from one central location on your desktop. To runXA,click theExecutive Compensation Assessorbutton:
You or your technical support representative can manually create a desktop icon specifically forXA after installation:
Copyright © 2011 ERI Economic Research Institute
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Tutorial: How to Use ERI's Executive Compensation Assessor 3
In this case, you would simply click theXAicon on your desktop. Please note:XA's desktop shortcut should link to the application file namederixawin.exe. IfXAis installed to your computer's hard drive, and the default installation path is used, then the full path for the shortcut isC:\ERI\ErixaWin\erixawin.exe. You may also use the WindowsProgramsmenu to runXA use the Windows. ToProgramsmenu, click theStartbutton on your Windows task bar, access theProgramslist (which will vary depending on your operating system), then selectEconomic Research Institute | Executive Compensation Assessorfrom theProgramsmenu:
Topic 2: How to Navigate XA Let's briefly look at the layout ofXA: First, you should notice that, by default,XAopens with two main windows clearly visible -- one above the other:
Copyright © 2011 ERI Economic Research Institute
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Tutorial: How to Use ERI's Executive Compensation Assessor
Each window has (at the top) a caption bar: The main/top window's caption is "Executive Compensation Assessor" plus the appropriate edition information:
The bottom window's caption is "Executive Compensation Assessor Position Description":
However, if theSurvey & Proxy Analysestab (the third main tab of the main/top window) is selected, then there is a third window at the bottom:
Copyright © 2011 ERI Economic Research Institute
Tutorial: How to Use ERI's Executive Compensation Assessor
HINT:To access and/or activate a window, simply click on it.
Underneath the caption bar of the main/top window, there is a row of menus:
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Many ofXA'sfunctions and features are accessible from these menus. These menus also provide access to supplemental features such as documentation (Helpmenu), ERI's web sites (Internetmenu), the position description editor (Descriptionmenu), and salary survey listings and survey population information (View are encouraged to click through eachmenu). You menu to review what is available.
HINT:Some of the menus include functions for both the top and bottom windows (likeFile | Print), while others are only for the main tab of the main/top window. For example, when theSurvey & Proxy Analysestab is active, theEdit | Copy to Clipboardmenu applies only to the main/top window and the position description window, but notComparable Companies nearly all features. However,
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Tutorial: How to Use ERI's Executive Compensation Assessor
listed in the menus are also available forComparable Companies. Please refer to the toolbars and/or sub-tabs on theComparable Companies'window for ways to access a variety of functions and features.
The main/top window has a "top" row of tabs:
These are the 5 main tabs of the application. In general, they represent the primary types of reports or analyses that are available. Simply click on a tab to move to that particular section of the application. TheComparable Companieswindow also has a row of tabs:
TheSelecttab is where you create a list of comparable peer companies by doing a text search or creating a filter using Revenue, eSIC and Zip Code. The other tabs (with company names) provide quick access to up to 5 different organizations at one time. Instructions on how to use theSelecttab is covered inTopic 722.) Topic 3: How the Main Tabs and Windows Work Together As noted in the previous topic, theXAapplication includes 5 main windows, all 5 of which are opened by default when theSurvey & Proxy Analyses It's important to note that, while thesetab is activated. 5 windows appear to be separate (and they are in some regards), the first 3 main tabs (Individual Profile,Benchmark ListandSurvey & Proxy Analyses)are designed to work together. The last 2 tabs (ValuationsandBlack-Scholes) are additional resources that do not interact with the first 3 tabs. ThePosition Descriptionwindow will display the appropriate information for the position selected or highlighted in the main/top window. It does this for the first 3 main tabs (Individual Profile, Benchmark ListandSurvey & Proxy Analyses). The position shown on theIndividual Profiletable automatically changes when a new position is entered and highlighted on either theBenchmark Listtab or theSurvey & Proxy Analysestab. This automatic change on theIndividual Profiletab allows the user to quickly toggle back and forth between theIndividual Profiletab (to research a specific position) and the other tabs (where the analyses involve multiple positions). Data That Affect Salariesselected for any of the 3 main tabs will automatically be selected for all 3 tabs. TheSurvey & Proxy Analysestab is designed as a "stand-alone" compensation analysis tool. However, it also affects (or works with) theComparable Companieswindow: position highlighted in the table affects what dots appear on the graph.The  dots representing (Only unique organizations that reported the position selected will be shown.) The industry selected underOrganization Dataautomatically modifies the default eSIC on the Select | Revenue/Indust.tab. When a dot on theGraphmain/top window is clicked, a new tab is automatically created forof the
Copyright © 2011 ERI Economic Research Institute
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that organization on theComparable Companieswindow. HINT:By default, theComparable CompaniesandPosition Descriptionwindows are displayed in a reduced size mode. It is highly recommended that you enlarge these windows to better view the data and features presented. You can adjust the size of a window by clicking and dragging any of the 4 sides or by using the enlarge and minimize buttons in the top right corner:
Topic 4: How to Use the Individual Profile Tab The first main tab of the main/top window isIndividual Profile. TheIndividual Profiletab has three dominant features: Compensation Table Data That Affect Salaries (Organization Data) Graph All three features are interrelated. The easiest way to explain the interconnection of the various sections and features is by walking through an example analysis. So let's begin! Select a Position Title Only one position title can be selected at any given time on theIndividual Profiletab, and this position is key to the data displayed in the compensation table on theIndividual Profiletab. To change the selected position, click the yellow position title banner near the top of the tab:
When you click the position title banner, theEnter New Positiondialog is displayed. Click on a position in the list (the selected title will be highlighted, and the associated position description will display at the bottom beneath the green bar). Then click theOKbutton:
Copyright © 2011 ERI Economic Research Institute
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Tutorial: How to Use ERI's Executive Compensation Assessor
For the purposes of this tutorial, we'll select "Chief Operating Officer."
HINT: You can increase the size of the bottom half of theEnter New Positiondialog (so you can see more of thePosition Descriptionsection) by clicking and dragging thegreen bar"up":
Copyright © 2011 ERI Economic Research Institute
Tutorial: How to Use ERI's Executive Compensation Assessor
Or you can increase the size of the viewable position list, by clicking and dragging thegreen bar "down":
Copyright © 2011 ERI Economic Research Institute
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Tutorial: How to Use ERI's Executive Compensation Assessor
Organization Data Look at the bottom left corner of the main/top window and note that, underData That Affect Salaries (Organization Data), the default area, industry, and size (revenue) are selected. For this sample analysis, we want to see data for companies in the Los Angeles area, that provide Health Services (SIC 8000), and that have around $75,000,000 in revenue. ClickData That Affect Salaries:
This will open theSalary Adjustmentsdialog:
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By default the field for "Location (city)" is highlighted. Simply start typing "Los Ang." This will open the Input City Clickalready selected for us in the list. thedialog. "Los Angeles, California" is OKbutton to select this city:
Now select the ERI Standard Industrial Classification (eSIC) code appropriate for Health Services. To search for the proper eSIC code, click theBrowsebutton in the "Industry" section:
Copyright © 2011 ERI Economic Research Institute