Add Market Data Definitions

In Market Pricing > Market Data Definition, you can configure one or more market data definitions for your organization.

Important: If you're planning on using a definition to import market data for a compensation cycle, you must ensure that one or both of the Hourly Rate - 50% and Salary - 50% columns are included. If you don't include at least one of these columns, the imported data will not be accepted when configuring compensation cycles in Compensation Setup > Compensation Cycles.

To create a market data definition:

1. Go to Market Pricing > Market Data Definition.
2. Click Add.
3. In the General section, do the following in each field:
   • Name: Enter a name for the market data definition. This name shows in the Data Definition drop-down list in Market Pricing > Compensation Market Data. See Add Compensation Market Data Sets.
   • Description: (Optional) Enter a description for the market data definition.
4. In the Columns section, define the columns that will be used to import market data as follows:
   1. In the Available list, select the columns that you want to include.
   2. Click the move right arrow to move the columns to the Selected list.
   3. Note: You can remove columns that aren't included by default by selecting them in the Selected list and then clicking the move left icon. You can also add or remove all columns at once by clicking the move all left or move all right icon.
   3. (Optional) In the Selected list, clear the Show by default checkbox for columns that you don't want displayed by default in market data imports. These columns are still available in the market data slide-out panel of Market Pricing > Compensation Market Data and can be added to the list of displayed columns from the View panel. See Adjust the Column View for Market Data Records.
5. In the Mapping section, select the Include checkbox for the job and employee attributes that you want to map the market data to in your compensation worksheets. Dayforce adds job and employee attributes to the Mapping list based on your selections in the Columns section. Some of these columns are included in the Mapping list by default and cannot be removed. See How Market Data Is Mapped.
6. Click Save.

You can delete market data definitions that are no longer needed by selecting them in the left sidebar and clicking Delete. However, once a data definition has been selected for a market data set in Market Pricing > Compensation Market Data, it can no longer be deleted.