# Market Data Overview

OpenComp's Market Data provides detailed information on how your organization's employees compare to the OpenComp benchmark. This view provides both a high-level overview of where your employees sit relative to market compensation and detailed-level analysis down to the Employee Type, Level, Department and Individual. &#x20;

1\. The Market feature allows you evaluate how your workforce's compensation compares to market. A precursor to this is uploading your employee data.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/338fb659-8106-4794-a0dc-e011270a31ef/user_cropped_screenshot.jpeg?tl_px=0,0&#x26;br_px=1341,769&#x26;force_format=png&#x26;width=1120.0&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=147,34" alt="" width="560">

2\. The Market data solution groups employees into their departments, based on your data. When you click into a department, you can view where individual employees' compensation sits relative to the market data.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/7eb092ab-b362-4cfa-b6c4-8ad19dd74891/user_cropped_screenshot.jpeg?tl_px=0,125&#x26;br_px=859,606&#x26;force_format=png&#x26;width=860&#x26;wat_scale=76&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=47,406" alt="" width="560">

3\. After you expand a department section, OpenComp displays all the employees in that department along with relevant information, include the amount needed to bring an individual up to the 50th percentile.

Clicking the '>' symbol opens the employee detail view.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/eeac5f0a-364a-4f4a-89a1-8f8f0e56b4df/user_cropped_screenshot.jpeg?tl_px=0,0&#x26;br_px=1296,577&#x26;force_format=png&#x26;width=1120.0&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=1020,214" alt="" width="560">

4\. The employee detail view includes several attributes for an individual employee, most prominently, where their comp sits against the market.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/c5bdfffd-bcc0-4151-a343-a6ec81cc750a/user_cropped_screenshot.jpeg?tl_px=0,0&#x26;br_px=1563,898&#x26;force_format=png&#x26;width=1120.0" alt="" width="560">

5\. Expand each section to see the corresponding information for each employee. Administrators and other users with the appropriate permission sets can make edits to employees.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/50cd335f-35d5-4c6f-970b-46365841f458/user_cropped_screenshot.jpeg?tl_px=9,152&#x26;br_px=869,632&#x26;force_format=png&#x26;width=860" alt="" width="560">

6\. From this view, Admins can also add employees if an active HRIS synch is not in place.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/e62e2d8f-5b2a-47ec-b406-07a8fb875d2c/user_cropped_screenshot.jpeg?tl_px=0,347&#x26;br_px=859,828&#x26;force_format=png&#x26;width=860&#x26;wat_scale=76&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=132,257" alt="" width="560">

7\. The app supports a number of display, filter, sorting and download options at the top-right portion of the display.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/0c2ea780-41ea-46af-b223-3091f5920c1d/user_cropped_screenshot.jpeg?tl_px=0,0&#x26;br_px=1339,736&#x26;force_format=png&#x26;width=1120.0&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=970,141" alt="" width="560">

8\. Useful filters allows users to view Market Data by Department, Levels, Gender, Ethnicity, and Location. The Market Data updates dynamically as you apply filter settings.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/93116868-263c-4b1d-ac9a-fc3fc48272fe/user_cropped_screenshot.jpeg?tl_px=0,0&#x26;br_px=1325,712&#x26;force_format=png&#x26;width=1120.0&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=649,400" alt="" width="560">

9\. The download file of your employee census includes the OpenComp benchmark information.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-28/cf36ba69-23a3-4896-a876-4d65ff22b0b6/user_cropped_screenshot.jpeg?tl_px=0,0&#x26;br_px=1348,700&#x26;force_format=png&#x26;width=1120.0&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=1025,128" alt="" width="560">

10\. The employee census download file includes benchmark role, level, geo tier and target comp & equity at the 50th percentile.

<img src="https://ajeuwbhvhr.cloudimg.io/colony-recorder.s3.amazonaws.com/files/2024-03-29/4ccb4003-5949-423e-b273-0a4d865eac03/user_cropped_screenshot.jpeg?tl_px=2,35&#x26;br_px=1378,804&#x26;force_format=png&#x26;width=1120.0&#x26;wat=1&#x26;wat_opacity=0.7&#x26;wat_gravity=northwest&#x26;wat_url=https://colony-recorder.s3.us-west-1.amazonaws.com/images/watermarks/FB923C_standard.png&#x26;wat_pad=1308,522" alt="" width="560">

<br>


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