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Methodology/Disclaimer

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Methodology/Disclaimer

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

 

The Survey Mean/Median salary is adjusted by time, organization size (e.g., revenue), industry, 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.  

 

To Display Base Salary, Total Cash, or Incentive

See Compensation Type

 

To Change the Pay Period

See Pay Period

 

Position

To select a position from the database, double-click in a blank cell in this column OR start typing the position title to get to the Search Jobs dialog box.   To import a list of jobs, see Import Jobs to the Benchmark List.  To view the position description for a particular job in the table, click on a specific row in the table and view the position description window at the bottom of the screen.

 

Percentiles

See 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.

 

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 Salary Mean/Median (and multiplied by 100) for comparison, competitive analysis, and adjustment purposes.

 

To Delete One or More Table Rows

See Delete Table Rows

 

To Sort the Table

See Sort Table

 

To Import Jobs

See Import Jobs to the Benchmark List

 

To Export the Table

See Export to PDF

See Export to Excel

 

To Save the Table

See Save Table

 

To Print the Table

See Printing

 

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