Pay Market Intelligence

NPKtools' Pay Market Intelligence ("PMI") service is an outgrowth of the market data administration services imbedded in our CompXpert solutions and the expertise developed analyzing survey market data as part of our Outsourcing Practice since 1998. NPKtools offers PMI services to firms who already have in-house compensation planning / analysis tools but who want to reduce internal resources dedicated to data administration / analysis,

PMI: Data Administration Services

PMI converts survey market data into a consistent, reliable, and integrate information source that compensation professions can use in their own internal market pricing and analysis tools. Our team of specialists takes responsibility for the complete data administration process from data acquisition to customized delivery in the form and analysis platforms you use. We have expertise managing / analyzing market data for more than 60 national, regional, industry-specific, and local custom surveys in Canada and the USA.

Data administrative services include:

• Review of current survey sources and projected needs
• Acquisition of vendor data from the original survey source
• Standardization of the vendor data for apples-to-apples comparison
• Data quality assurance using 29 different Q/A tests
• Proprietary statistical analysis to assess each market record's level of data reliability
• Analysis of year-over-year change for each market record to assess data stability
• Customized delivery of the market data in the layout and for the analysis platform your tools require

PMI: Data Analysis Services

NPKtools' principals have over 20 years experience in market research conducting market analysis projects in areas as varied as determining the competitive market area for an industrial gases plant, evaluating the market price for a special low sulfur coal having unique operating properties not readily available in the market, and modeling / forecasting the dynamic change in recruitment, turnover, retirement, and staffing to evaluate the impact on company labor costs and market competitiveness for different staffing strategies. Our approach to compensation analysis is to use the tools and our extensive experience to assess the compensation challenge from non-traditional HR perspectives.