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To assist with planning or auditing pay for multiple jobs at one location, the multiple job Benchmark List table enables you to enter and view up to 500 jobs' mean salaries for one location at a time.  This allows you to view a list of benchmark or key jobs with ERI calculated salaries and compare your current pay practice to local market pricing calculations.

 

The Survey Mean/Median is adjusted by time, organization size, industry (eSIC code) and geographic location, providing a "best estimate" of what a true market value might be.  See Salary Adjustments to modify any of the influencing factors.  

 

Position

To select a position from the database, double-click in a cell in this column OR start typing the position title to get to the Search Jobs dialog box.

 

10th Percentile

This column displays the 10th percentile (by default) for the specified position, as well as the geographic area, industry, size and salary planning date specified under Organization Data. The percentile may be changed by clicking on Customize Percentiles.

 

25th Percentile

This column displays the 25th percentile (by default) for the specified position, as well as the geographic area, industry, size and salary planning date specified under Organization Data. The percentile may be changed by clicking on Customize Percentiles.

 

Survey Mean/Median

This column displays ERI's local market base salary for the specified position, as well as the geographic area, industry, size, and salary planning dates specified under Organization Data.  See Customize Percentiles to change the mean/median.

 

75th Percentile

This column displays the 75th percentile (by default) for the position, as well as the geographic area, industry, size and salary planning date specified under Organization Data. The percentile may be changed by clicking on Customize Percentiles.

 

90th Percentile

This column displays the 90th percentile (by default) for the specified position, as well as the geographic area, industry, size and salary planning date specified under Organization Data. The percentile may be changed by clicking on Customize Percentiles.

 

Actual Salary

Your present pay for each position may be entered in this column for direct market comparisons.  See Pay Period for possible adjustments.

 

Market Index

Actual Salary divided by the Annual Salary for comparison, competitive analysis and adjustment purposes.

 

These analyses allow the quick review of an organization or division's competitive pay position within the marketplace.  This is also called "market pricing" or, in Canada, a "target range of market prices."

 

Please note:  A position may either be organization size-sensitive (revenue, assets, fiscal year budget, or # of employees) or experience-sensitive (years of experience), depending on the industry.  For those positions that are experience sensitive, ERI has added the ability to analyze salaries by a second variable, revenue, due to an increase in the volume of data collected.

 

For definitions of terms, please see the Online Business Glossary and the Salary Assessor Methodology.

 

To Import a Job List

See Import Jobs to the Benchmark List

 

To Select Compensation Type

See Compensation Type

 

To Select Pay Period

See Pay Period

 

To Customize Percentiles

See Customize Percentiles

 

To Customize Years of Experience

See Customize Years of Experience

 

To Save the Benchmark List

See Save Table

 

To Export to a PDF

See Export to PDF

 

To Export an Excel Spreadsheet

See Export to Excel

 

To Print

See Printing