As a high-level manager or as an HR Professional, you can use the Salary Statistics Report to get an insight into the details of your enterprise's salary expenses. You can view the total salaries, mean and median salaries for your enterprise, and even growth of salaries over time. The report displays how salaries line up against defined measures such as grade ranges or market data. The report enables you to group salary data, so you can compare data against different grouping criteria.
Before using this report, the administrator must set the BEN: CWB Plan Context for Reporting profile option to the name of the group or local plan for which you want to view salary statistics. Note that the Combined Plan View Report also uses this profile option.
See: BEN: CWB Plan Context for Reporting
If you use annualized values, then the administrator must set the HR: FTE Factor profile option.
See: HR: FTE Factor
When you run the report, you can set three parameters - country, type of employees to include, and the currency to view amounts. These parameters apply to all regions of the report and do not change when navigating from one region to another in the report.
This report displays:
Analytics such as total salary, mean salary and median salary
Salaries against grade rates and market data when available.
Data in tables and graphs
Data by groups of employees such as hourly and salaried, hourly only, or salaried employees only who receive compensation for the plan. For global plans, the report also displays data by country and currency for global plans.
The report organizes data into the following regions that display dynamically based on the information available. These are:
Statistics - this region displays the total pay, low, median and high pay a well as the standard deviation for the selected plan. It enables you to group data by certain criteria such as country, job, grade, etc. You can choose to use full-time equivalents and display annualized values.
Grade Ranges - if you use grades, then this region provides a list of all grades held by the employees receiving compensation in the plan. It provides grade data as well as statistics for employees in each of those grades.
Quartiles - if you use grades and have defined grade rates, then this region displays the number and percent of employees in each quartile. You can also view counts by quintiles and deciles
Comparatios - this region displays comparatios by 5, 10 and 15% increments. This region enables you to group data by criteria such as country, job, or grade.
Pay Growth Rate - if you award employees compensation in this plan in prior periods, then this region displays the change in total pay over time. You can view the change over 1, 3 and 5 years.