Most Statistically Accurate and Reliable,

On- Line Job Pricing Engine for 1000+ Jobs

HR Innovations Catalogue Executive SummaryA No Frills Distillation of Vendor’s Marketing Collateral

Thomas A FerencePresident & CEO

Human Resources Mining & Distribution CoLocating, Validating and Accelerating HR  Innovation

 Office: 219-662-0201Cell: 630-240-2583Fax: 219-661-0236

e-mail: tference@hrmdco.comWebsite: www.hrmdco.com

Most Statiscally Accurate and Reliable, On- Line Job Pricing Engine for 1000+ Jobs

• Typical market pricing data sets from consultancies and other on line vendors are “squishy” in that they are based on many variations of convenience samples, aged upgrades, purchased surveys, hybrids of employer and job seeker derived data, etc. and then must be further interpolated and/or extrapolated to fill in the gaps

• This on-line market pricing engine uses proprietary and patented job pricing algorithms developed by experienced labor economists and top tier statisticians.

• Algorithms are applied to 100’s of millions data points coming from national databases to derive the job pricing information

• Engine has data for 90% of the occupations in the workforce, and has robust coverage of administrative, transportation, warehousing, manufacturing, sales, educational, support for engineering and IT, etc.

• Has real data on 560 metro and non-metro area vs. traditional “metro area only” approach that requires application of area adjustments factors

Most Statiscally Accurate and Reliable, On- Line Job Pricing Engine for 1000+ Jobs

• Uses an O*NET standards-based (O*NET is the new Gold Standard) of 900 basic occupations with 2400+ levels vs. typical 400 occupations and 1050 levels from major consultancies

• Can be used to price a single job or an entire job family at a very reasonable cost to the employer

• Occupations are included in data set only if there are at least 25 or more respondents for that occ in a region from within the past 12 months and the data is dynamically adjusted each week as data flows in and out

• RAND Corp statisticians describe this pricing engine as being “the only completely statistically defensible method of job pricing in the industry”

• In use by over 200 of the F500 corporations

Sample/Partial Input Screen

Single Job Level Pricing

Multiple Job Level Pricing

Next Steps• This product/service is contained in the HR Specialty

Products & Services Catalogue™ • Operational level details about this particular service

provider can be obtained in conference with the vendor• The HR Mining &Distribution Co. is an independent and

contracted representative of the vendor• Upon your request, we will arrange for an introduction

that can range from a simple, quick conference call to a services overview / system demo

• Tom Ference 219-662-0201 (Chicagoland area) or tference@hrmdco.com

• Thank you for your potential interest in this fresh thinking