This report converts a single Market Index Value (Job Evaluation points) to an indicative remuneration value, at Lower Quartile, Median and Upper Quartile, based on selected market segment data.
The report provides a quick way of determining the market value of a role which has been evaluated using MHR Global's JE Leader job evaluation system. This process is typically used for roles which cannot be directly benchmarked against an existing survey role, or where there is doubt about which survey role provides the most accurate benchmark to use for setting remuneration.
The report is very similar to the Indicative Pay Ranges Report, but uses the Market Index Value as the link to the MHR market data rather than a matched survey position.
Note:
As a service to users the report does offer the option to enter a Hay points value generated by the Hay Job evlaution process, or converted to a Hay value from another compatible system.
Where this option is used, the entered value is converted to an indicative MHR Market Index Value, which is then used for generating the report. The Remuneration range extrapolated in such cases is offered as an indicative range only.
MHR accepts no liability for the accuracy of any evaluation carried out in any system other than the MHR JE Leader system.
Advanced tab
Use this tab to select Advanced options:
Select the Remuneration measure to be used for the report
Select the Market position at which remuneration is to be calculated
Apply an Aging factor to the survey data
Modify the percentage range used to calculate the indicative remuneration range
the default value used is 10 percent
This should be sufficient for benchmarking purposes
