The Compensation Surveys window enables you to enter surveys that compare remuneration levels for jobs in your industry. Survey vendors provide this information in a variety of data formats. You enter data that uniquely identifies the survey in the compensation survey master data. You can record as many different compensation surveys as you require by entering information about the categories your enterprise uses to identify compensation details, such as Region, Industry, Mean Pay, or Fiftieth Percentile. Then for each survey, you can enter the survey results for each job by creating compensation survey lines.

You can then link compensation survey lines to the jobs, positions, and assignments you use in your enterprise. Using the OBIS Salary Survey report you can then compare how salaries for jobs within your enterprise compare with trends within your industry as a whole. If you are licensed to use Compensation Workbench, then you can also display compensation survey data in Compensation Workbench. By mapping the Compensation Survey detail lines to the applicable jobs, the salary survey data can then be displayed in the Compensation Workbench allocation worksheet to aid your managers when allocating compensation awards to employees.

Before you enter your compensation survey details you must know your compensation survey identifier.

See Compensation Survey Identifiers.

You must enter details of your compensation survey in three stages:

1. Master Data

2. Lines Defaults

3. Lines

   To enter compensation survey master data:

1. Enter the name of the market compensation survey and the compensation survey company. This information is used to uniquely identify the survey details.

2. Enter the compensation survey identifier.

3. Enter the following master data for your survey:

   • Survey Type - enter whether the salary information is annual, monthly, hourly or period. This is based on your enterprise's salary basis.

   • Base Region - if you require, you can enter information about whether there is a regional or national average.

   Note: Once you have set up all your compensation survey details, making changes to the survey type and base region information can invalidate your survey. Oracle HRMS enables you to change this information so you can correct any mistakes, however you should not change this information to update an existing survey.

4. Save your master compensation survey details.

   To enter compensation survey lines defaults:

1. Enter the default start and end date for your compensation survey lines.

   Compensation survey lines use this date range by default. However, you can specify different dates when you enter a line.

2. Enter the default currency for your compensation survey lines.

   Compensation survey lines use this currency by default. However, you can specify another currency when you enter a line.

3. Select the stock display type from the list.

   You can choose to display the value of stock in survey lines as Number of Shares or Money Value of Shares.

   To enter compensation survey lines:

1. Enter a job name, start date and currency for the compensation survey line. If required, enter an end date for the compensation survey line.

2. Enter a definition of your compensation survey lines. You can enter the:

   • Region the survey includes

   • Seniority of the survey

   • Company size of the survey

   • Industry of the survey

   • Age of the survey

   By entering a start and end date you can create a history of compensation survey information. However, you must ensure that the job and salary definition information is never the same for two compensation survey lines on the same date.

3. Enter the salary details for the line. You can enter details such as the minimum pay, mean pay, percentage change, and first quartile.

4. Enter all the compensation survey lines you require for the compensation survey.

5. Save your compensation survey lines.