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<< Click to Display Table of Contents >> Navigation: Additional Salary Assessor Topics (Listed Alphabetically) > Survey Management Background > Market Pricing > Market Price Individual Jobs |
The Individual Job - Market Pricing table provides average salary data from ERI's Assessor Series and/or all external surveys for an individual internal job title. The display of data depends on whether the user matches the Internal Job Title to a Matched ERI Job Title or an external Survey Job Title (or both). Users can assign weights to ERI and external data and can view any of these averages for the combined survey data:
•Mean (default)
•Median
•Incumbent Weighted
•Custom Weighted
To Market Price an Individual Job
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Price a Job to open the Individual Job - Market Pricing dialog.
3.Select an internal job title from the drop-down list under Internal Job Title. If your internal job title is not listed, see instructions below To Add an Internal Job for Market Pricing.
4.Select a market from the drop-down list under Market. If your market is not listed, see To Add an Internal Job Market in Market Pricing.
5.If there is currently no data for this job and market combination, follow one of these two steps:
•Click Add Survey Match to select a matching Survey Title and follow instructions below To Select a Survey Match.
•Click Edit Internal Job and follow instructions below To Select a Matching ERI Job.
6.To define the job as Benchmarked OR Slotted, follow instructions below To Select the Job Status.
7.For Benchmarked jobs, select an average in the My Market Rate row:
•Mean (default)
•Median
•Incumbent Weighted
•Custom Weighted
8.If you selected Custom Weighted Average for a Benchmarked job, then enter a weighted percentage (from 0 to 200) in the Custom Weight column for each job.
Note: The Individual Job - Market Pricing dialog only displays internal job titles associated with the currently selected Market Pricing list.
Note: Enhanced editions will include a Data Availability column in the Browse Areas dialog (in either the ERI Areas or Internal Areas tab) displaying the area as either a Primary Geographic Database or Extended Geographic Database location. There may be limited details available for locations in the Extended Geographic Database; more details may be available for locations in the Primary Geographic Database. For more information about the jobs and areas available in your subscription level, please contact ERI.
To Add an Internal Job for Market Pricing
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Price a Job to open the Individual Job - Market Pricing dialog.
3.Click Add Internal Job.
4.Enter the Internal Job Title (required).
5.Click OK.
6.In the My Jobs tab of the Edit Job dialog, enter the Internal Job Code.
7.Populate the Job Summary and Duties and Responsibilities fields using one of these methods:
•Type descriptions in the Job Summary and Duties and Responsibilities fields.
•Click Import ERI job description to populate the Job Summary with the ERI job description for the Matched ERI Job and then type a description in the Duties and Responsibilities field. (See To Select a Matched ERI Job below)
•Click Generate AI job description to review the AI-generated Job Description and Duties and Responsibilities. Click OK to populate the Job Summary and Duties and Responsibilities fields with these descriptions. This will overwrite any existing descriptions in the Job Summary and Duties and Responsibilities fields.
8.See To Select a Matched ERI Job below for instructions on selecting the Matched ERI Job.
9.Click Adjust to add Required Certification, Skills, Shift Work, and Education. These are adjustments that are required for the given job.
10.Click Adjust to add Preferred Certification and Skills. These are adjustments that are nice to have for the given job.
11.Select the Department from the drop-down list. The Departments listed correspond with the Departments defined in Compensation Management.
12.Enter the Business Unit.
13.Select the Supervisory Role from the drop-down list. The Supervisory Roles listed include all of the Internal Jobs listed in the current organization.
14.Select the FLSA Status.
15.Select the Experience/Level.
16.Enter the Salary Range - Low and Salary Range - High.
17.Enter the Average Salary.
18.Click OK to add the internal job title to the currently selected Market Pricing list.
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Price a Job to open the Individual Job - Market Pricing dialog.
3.Select an internal job title from the drop-down list under Internal Job Title.
4.Click Add Survey Match.
5.Select a matching Survey Job Title from an external survey added in the Survey Library using one of these methods:
•Scroll through the list displayed under Select a Survey Match and select a match.
•Enter the first few letters or numbers of a search term in the Search field AND select Survey Job Title, Survey Name, or Job Code in the Search by field. Then select a match from the filtered list.
6.Click OK.
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Price a Job to open the Individual Job - Market Pricing dialog.
3.Select an internal job title from the drop-down list under Internal Job Title.
4.Click Edit Internal Job.
5.Navigate to the Job Matches tab in the Edit Job dialog.
6.Click Add Possible Job Matches to open the Browse Jobs dialog.
7.In the Browse Jobs dialog, click the Filter by drop-down menu to select how jobs will be displayed in the dialog:
•All Jobs (the default) – displays all ERI jobs that are accessible in the current subscription, including any hybrid jobs
•ERI Jobs -- displays all ERI jobs that are accessible in the current subscription, not including any hybrid jobs
•Hybrid Jobs -- displays only hybrid jobs
•Internal Jobs -- displays only those internal jobs saved in the selected Organization profile.
•Jobs by Industry -- displays only those jobs related to the user's currently selected industry
•SA Jobs Only -- displays all Salary Assessor jobs that are accessible in the current subscription, including any hybrid jobs created in the Salary Assessor.
8.Search for and select a job title using one of these options:
•To search by job title, select Job Title in the Search by drop-down menu and enter all or part of a job title in the Search field.
•To search by job code, select eDOT Code, SOC Code, or ERI Code in the Search by drop-down menu and enter a numeric code in the Search field.
•All job titles containing the characters entered in the Search field are displayed. The following data are shown for each job title: Job Title, eDOT Code, SOC Code, ERI Code, and Salary by Level.
•Click the Advanced Search button to find and export ERI job titles and job descriptions based on keywords, job hierarchy level, job family, and/or industry.
•Click the Hybrid Jobs button to customize a hybrid job.
9.Click on one of the job titles listed to view the Job Description. (Note: Job descriptions are not available for Hybrid Jobs).
10.Select a Job Title OR hybrid job as a possible match to your internal job and click OK.
11.Repeat steps 6 to 10 until you have one or more ERI Job Titles OR hybrid jobs displayed in the Edit Job dialog. You may associate multiple ERI Job Titles OR hybrid jobs as possible matches to your internal job, but only one can be selected as the final match (see step 15 below).
12.Click View Job Summary to display the Job Summary you entered in the My Jobs tab for the internal job.
13.Compare the Job Summary for your internal job with the Job Description for each possible job match to see which job best fits your internal job.
14.Review the Average Salary for each possible job match to see if it fits your internal job. The Average Salary may be customized by Area, Industry, and/or Experience/Levels to more accurately compare with your internal job.
15.Select the best Matched ERI Job in the Match column.
16.Click OK.
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Price a Job to open the Individual Job - Market Pricing dialog.
3.Select an internal job title from the drop-down list under Internal Job Title.
4.Click Job Slotting.
5.In the Job Status field, select either Benchmarked OR Slotted.
6.If you selected Benchmarked, then the Job Family Code and Description for the Matched ERI Job Title will be displayed. To modify the Matched ERI Job Title, click Edit Internal Job in the Individual Job - Market Price dialog
7.If you selected Slotted, then select an Internal Reference Job Title and review the Job Summary, if available. Enter the Matched Percentage.
8.Click Done.
To Share an Organization Profile
See My Organizations