To convert job points to a market salary
Why do I do this?
To determine the conversion from job points to a market salary, formulas based on the results of salary surveys are used. These formulas convert the points to a market salary in the particular employment market covered by the survey.
A list of the NRC provided formulas accessible to the particular user is shown within Jobscore. You can choose any one of these sets of formulas and automatically transfer them into a working area. Individual job evaluations can then access the formulas in the working area where market salaries based on the job's points are calculated.
Steps to transfer formulas into the working area:
One entry on the Jobscore Main menu is Salary Formula Management, and is the area where all NRC salary formulas are handled - addition, amendment, and deletion.
This screen is the starting point from which salary formulas can be added, amended and deleted. The lower part of this screen lists the formulas that have already been recorded on the system by the user. Initially this list will be empty.
The screen includes two options; either to enter the formulas manually (Record New Formula Set), or to import a pre-recorded set (Import New Formula Set). Here we will examine the import option.
To display a list of formulas available for import, click on the button Import New Formula Set. The Import New Salary Formula screen is then displayed.
This display lists the formula sets available to be accessed. Each survey is identified by a Survey ID and a Description.
To import a survey, click on its Survey ID. If the selected survey has already been imported, or a survey with the same ID has been manually entered then an warning is displayed and the import will not be made.
The imported salary formulas are now available to be applied to all job evaluations for the user.
To amend or delete imported formulas, return to the
Salary Formula List screen and follow the guidelines provided there. (See
Review/delete salary formulas.)
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