Market data definitions allow you to specify which data is included in market data imports, and how that data is mapped for employees in your compensation worksheets. You can configure one or more market data definitions (based on the needs of your organization) in Market Pricing > Market Data Definition.
When creating market data definitions, you should ensure that you include a dedicated column for all of the data that you want to import from your market survey vendor. If you are using data from multiple survey vendors, you can combine the data in a single import file as long as each column in the import file is represented in the data definition.
The following topics provide more detail about adding and maintaining market data definitions for your organization:
Note: Currently, only the columns for the 25th, 50th, 75th, and 90th percentiles are used in compensation worksheets. When available, this data is displayed in the market data distribution graph for each employee. The 50th percentile values are also displayed in the Market Hourly Rate 50th Percentile or Market Hourly Salary 50th Percentile columns in the worksheet. You can include other percentile columns in the data definition, however, this data isn’t displayed in the worksheet.