Lesson: 1152 Title: Create Market Pay Information

Process: Create Market Pay Information

Objective: Report Market Pay Information

Manage Compensation
1.1.5.2 Create Market Pay Information
Roles	Transaction
Class and Salary Manager	Complete Market Pay Information Define Geographical Areas OR Define Market Pay Matrices Define Salary Survey Mapping Report Market Pay by Job Code
Class and Salary Analyst	Associate Market pay to Job Code Load market Pay data from file
Inputs:	Complete Market Pay Survey
Outputs:	Report of Market Pay by Job Code
* Initiates process

Process Details

Class and Salary Manager decides if the Market Pay Survey is needed. If the Market Pay Survey is needed, the Geographical areas will be defined by City, State and Country. These areas will be used to organize the Market Pay data. Next, define Market Pay Matrix definitions including inputs and outputs Market Pay Surveys. Then, Map market pay Matrix fields to existing Salary Survey fields. After the Class and Salary Analyst loads the Market Pay data from the file, the Class and Salary Manager runs the effective-dated report to display all the market Pay definitions associated with a particular Job Code. If the Market Survey is not needed, the process starts with defining the Market Pay matrix definitions and continues with the same steps, if the Market Pay Survey was needed.

Class and Salary Analyst associates Market Pay matrices to specific Job Codes and loads Market Pay data from files to overwrite existing data or add new data.

Process Exceptions and Errors: TBD (here we include any errors users may encounter)

Knowledge and Skill Level: Each role has a certain level of responsibility in the process. Employees should aim at understanding the processes per their role and become skillful in applying their knowledge to complete transactions efficiently and with minimal errors. To guide you in understanding what your level of knowledge and skill to aim for based on your role refer to the table below. Also, below, is a table with descriptions for each level.

Manage Compensation	1 = Fundamental
	2 = Intermediate
Create Market Pay Information	3 = Comprehensive
Roles	Knowledge and Skill Level
Class and Salary Analyst	3
Class and Salary Manager	3

Level	Description
1	Fundamental – high-level understanding of process, basic ability to do tasks in CONNECT with some or no support, and may refer to a liaison for assistance.
2	Intermediate – full understanding of their individual role functions within a process and is proficient enough to operate effectively under minimal assistance. Has understanding of previous process tasks performed and the impact downstream.
3	Comprehensive – full understanding of process, related roles, activities and tasks performed to complete the process. Comprehensive ability of role functions within the process with no assistance. Ability to perform other tasks related to other roles within the process.