How You Use Market Data Surveys to Create Composites

Surveys are market data from an individual supplier. Composites are aggregated survey data.

Here are the steps that you take to import and use survey data and convert them to composites.

1. Decide which surveys to buy and participate in.

2. Receive surveys from suppliers.

3. Use OTBI to help you complete surveys.

4. Return surveys to the suppliers.

5. Receive survey results from each supplier.

6. Import the surveys using the Import Survey task.

7. Use OTBI to analyze your people’s data versus the surveys’ data.

8. Take any actions based on your analysis, such as, updating salary ranges or aligning salaries with the market.

9. Use OTBI to aggregate surveys into composites.

10. Import composites using the Import Composites task.

11. Display composites in Workforce Compensation.
12. Line managers and administrators make compensation allocation decisions based on the composites.

Note: If you already have composites, you can start from step 10. However, in that case, the survey data won’t be in the subject area.