Market Pay Functionality

Market Pay functionality in PeopleSoft Human Resources assists you in using salary survey data as a guide for awarding competitive compensation to your workers. Market pay is a range of compensation information, including the different elements of compensation such as base, variable, and total compensation which may vary by geography. With PeopleSoft Market Pay functionality, you can define market pay by geography.

When you use the market pay functionality, you can:

• Define geographic areas to relate finalized market data to workers.

  You can further distinguish geography by country, state, province, and city.

• Create a market pay matrix and associate it with one or multiple job codes.

• Upload data from existing salary survey tables into the market pay tables, which preserves the existing functionality.

• Import salary survey data from PeopleSoft Workforce Rewards if your organization licenses that application.

• Store conclusion market data in the form of a matrix.