<< Click to Display Table of Contents >> Market Pricing |
Enhanced subscriptions may include Survey Management, which can be used in conjunction with My Organizations and Compensation Management. Survey Management provides tools to compare ERI Assessor Series data with data from various third-party surveys imported by the user.
The new Survey Management increases users' ability to organize, classify, and match their jobs to their salary Survey Library. This includes improved upload functionality of external survey data and the classification of those surveys, improved job-level market pricing tools for benchmarking, slotting, market adjustments, and market strategy, plus additional tools to identify and fix problems with structures.
Two sub-tabs are included in Survey Management:
•Market Pricing
The Market Pricing sub-tab is used to create a list of internal job titles, which can be added manually OR imported from a .CSV file, and market price individual jobs. Users may also share Organization profiles (including lists of internal job titles) with other users on the same account. It also includes job-level market pricing tools and additional market comparison tools to identify and fix problems with structures.
To Manually Add an Internal Job
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Add Internal Job to open the Add Internal Job Title dialog.
3.To select an existing internal job title, type an internal job title in the search field OR select from the Select Internal Job Title list. The matching ERI job will be displayed at right.
4.To create a new internal job title, click Add Internal Job.
5.Enter the Internal Job Title (required).
6.Click OK.
7.In the My Jobs tab of the Edit Job dialog, enter the Internal Job Code.
8.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.
9.See To Select a Matched ERI Job below for instructions on selecting the Matched ERI Job.
10.Click Adjust to add Required Certification, Skills, Shift Work, and Education. These are adjustments that are required for the given job.
11.Click Adjust to add Preferred Certification and Skills. These are adjustments that are nice to have for the given job.
12.Select the Department from the drop-down list. The Departments listed correspond with the Departments defined in Compensation Management.
13.Enter the Business Unit.
14.Select the Supervisory Role from the drop-down list. The Supervisory Roles listed include all of the Internal Jobs listed in the current organization.
15.Select the FLSA Status.
16.Select the Experience/Level.
17.Enter the Salary Range - Low and Salary Range - High.
18.Enter the Average Salary.
19.Click OK to select the new internal job title and return to the Add Internal Job Title dialog.
20.Click Add in the Add Internal Job Title dialog to add the internal job title to the Market Pricing page.
Note: Any new internal jobs created in Survey Management (using the Add New Internal Job dialog or uploads in Market Pricing OR via uploads the Survey Library) are automatically added to the internal job list in the My Organization profile.
To Select a Matching ERI Job
1.Navigate to the Job Matches tab in the Edit Job dialog.
2.Click Add Possible Job Matches to open the Browse Jobs dialog.
3.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.
4.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.
5.Click on one of the job titles listed to view the Job Description. (Note: Job descriptions are not available for Hybrid Jobs).
6.Select a Job Title OR hybrid job as a possible match to your internal job and click OK.
7.Repeat steps 2 to 6 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 11 below).
8.Click View Job Summary to display the Job Summary you entered in the My Jobs tab for the internal job.
9.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.
10.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.
11.Select the best Matched ERI Job in the Match column.
12.Click OK.
To Import Internal Jobs from a .CSV File
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click the button to download and save a .CSV file template.
3.Download and save the .CSV file template.
4.Complete the template. Required columns are designated with an asterisk (*). The upload limit is 1,000 rows.
5.Once the list is complete, save the file in .CSV (comma delimited) format.
6.Close the .CSV file.
7.Click Upload to open the Upload Internal Jobs dialog.
8.Select Create new list OR Append to currently selected list.
9.If you selected Create new list, then enter the name to be used to save this list.
10.Click the Browse button to select the .CSV file to upload and click Open.
11.When the correct file is listed below CSV Upload, click OK.
12.In the Upload list from file dialog, the rows that have been successfully imported are displayed.
13.Click OK.
Note: If you do not include the Matched ERI Job Title when you add jobs to an organization OR create a new internal job in Survey Management, then you can select matching ERI jobs in My Organizations OR in the Market Pricing sub-tab clicking Edit Internal Job in the Individual Job - Market Price dialog. Compensation data will not be displayed in the Market Pricing table until the Matched ERI Job Title is assigned OR a Survey Job Title is assigned in a Survey Match.
To Delete an Individual Job
1.Click next to the selected job title.
2.Confirm your deletion.
To Select an Internal Job Market
Select a market from the drop-down list to the left of the Manage Markets button. The default selection is All Markets.
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Manage Markets.
3.Click Add Market.
4.In the Browse Areas dialog, select an area for the survey market and click OK.
5.Repeat steps 3-4 until all markets have been added.
6.Click Apply Changes.
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. For more information about the jobs and areas available in your subscription level, please contact ERI.
To Import Internal Job Markets
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Manage Markets.
3.Click the button to download and save a .CSV file template.
4.Download and save the .CSV file template.
5.Complete the template. Required columns are designated with an asterisk (*)..
6.Once the list is complete, save the file in .CSV (comma delimited) format.
7.Close the .CSV file.
8.Click the button to open the Upload Markets dialog.
9.Click the Browse button to select the .CSV file to upload and click Open.
10.When the correct file is listed below CSV Upload, click OK.
11.In the Upload Markets dialog, the rows that have been successfully imported are displayed.
12.Click Apply Changes.
To Share an Organization Profile
See My Organizations
To Delete an Internal Job Market
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Click Manage Markets.
3.Click next to the selected market.
4.Click Apply Changes.
To Market Price an Individual Job
See Market Price Individual Jobs
To Select a Compensation Philosophy
Select one of these values from the Compensation Philosophy menu:
•Lead
•Lag
•Lead/Lag
To Change the Salary Planning Date
1.Click on the date in the Salary Planning Date field and a monthly calendar displays.
2.Click on the right or left arrow at the top of the calendar to move from month to month OR use the drop-down menu next to the month field.
3.Select the year using the drop-down menu next to the year.
4.Click on a particular day to select a new date.
5.Click the Default button to set the planning date to the current date.
6.Check the box for Age Survey Data to Planning Date, if desired.
To Change the Annualized Salary Trend
1.Click on the date in the Salary Planning Date field and a monthly calendar displays.
2.Click Adjust Aging Factor to open the Change Annualized Salary Trend dialog.
3.Click on a cell in the Rate column and type in the new percentage. Any adjusted percentages will be shown in red font.
4.Click OK.
To Restore Default Rates
1.Click on the date in the Salary Planning Date field and a monthly calendar displays.
2.Click Adjust Aging Factor to open the Change Annualized Salary Trend dialog.
3.Click on a cell in the Rate column and type in the new percentage. Any adjusted percentages will be shown in red font.
4.Click the Default Values button to restore the defaults rates.
5.Click OK.
Note: The Adjusted Rate (a prorated salary trend) cannot be changed directly and will always be a fraction of the Rate (the annualized salary trend) based on the salary planning date. For example, if the Salary Planning Date chosen is 11 months into the future, then the Adjusted Rate will be approximately 11/12ths of the Rate.
To Modify Percentiles
Note: If you add an Employee in the Employee List in Compensation Management with an Internal Job Title that matches an Internal Job Title in Survey Management, then the Survey Low Percentile, Survey Average, and Survey High Percentile (averaged from all surveys) from Survey Management will automatically be imported into the Employee List in Compensation Management.
To Use Market Comparison Tools
To Export Reports
1.Click Download Reports
2.Select the Excel Export Format:
•Short Report: Includes Market Pricing Analysis
•Full Report: Includes Market Pricing Analysis and data from all surveys
3.Click OK.
To Save a Copy of the List
1.In Survey Management, navigate to the Market Pricing sub-tab.
2.Select a saved list.
3.Click the button.
4.Enter a new name for the job list copy.
5.Click the OK button.
To Rename a Saved List
1.Select a saved list.
2.Click the button.
3.Enter the new name to be used to save this list.
4.Click OK to save the new name.
To Delete a Saved List
1.Select a saved list.
2.Click the button.
3.Confirm deletion of the selected list.