You have been hearing a lot about CODA. Upon release of the 2014 NC Wage & Salary Survey results last year, the CAI Survey Team made a great effort to introduce this interactive application to members and educate both on its power and limitations. You can view a webinar on CODA here. Member feedback has been very positive towards this customized way of working with salary data. With the 2015 NC Wage & Salary Survey now open through May 8th, a fresh data set will be available this August…
So what is CODA again? Compensation On Demand Analytics, or CODA, is CAI’s way of showing YOU that even MORE can be done with salary data beyond what is shown in the static NC Wage & Salary Survey report. Take a moment and think about you see in the report – several breakouts by NC region, facility size, industry group and tax status – pending coverage. The data is broken out one way, one row, one slice. While valuable, you usually have to perform some math if you want to use more than one slice in your analysis. Now think about viewing the data by cross-tabulated combinations of these variables. CODA lets you drill down using the criteria of your choice. Do you want to see job data by only your region (or county!) and your preferred facility size or industry? Run it your way in CODA.
How about an example? Let's say you want to find the market rate of pay for an HR Generalist position for a small to mid-sized employer located in Raleigh.
1) Below is HR Generalist job data taken from the 2014 NC Wage & Salary Survey PDF report. The All Data row plus 3 company profile rows = 4 rows of applicable descriptive measures.
Research Triangle Reg
2) Below is custom-generated HR Generalist job data using the 2014 CODA application where the drill down criteria = ONLY Research Triangle Region and 1-49 EEs or 50-199 EEs. This yields a data set of 19 facilities (out of 122 possible). The All Data row represents the COMBINED measures for our company profile. Say we are also a professional association. Now 9 of the 19 facilities reflect the data for our criteria plus Professional/Business Services. Say we want to take Wake County into account. Now 10 of the 19 facilities reflect the data for our criteria plus Wake County. Nerd alert or not, CODA can make your job easier.
Notice how I mentioned “pending coverage”. CODA depends on job participation. CODA needs your data to give back the drilled down results you desire. A robust data set means greater market representativeness; greater power and greater confidence in what you are generating is reflective of the larger population of local employers, with whom you compete for talent. How do you make CODA more powerful and useful to you? Simply participate in the 2015 NC Wage & Salary Survey by May 8th. Your participation and thorough matching efforts will ensure that you receive results of the survey PLUS access to interactive CODA.
CODA is ONLY available to member participants. It cannot be purchased. Why not participate in this year’s survey and see what CODA can do for you? Your compensation decisions will thank you.
To participate in the 2015 NC Wage & Salary Survey by May 8th, please click here. For more information or to request CODA access, please contact the CAI Survey Team. To stay on top of CAI’s survey opportunities and trending topics, come join the CAI Surveys Group on myCAI.