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Importing External Market Data
Importing External Market Data
Alexis Toyane avatar
Written by Alexis Toyane
Updated over a week ago

Please note that the External Market Data import feature is currently in its beta testing phase.

We are actively refining this feature to cover all potential use cases. If you encounter any situation not ideally supported by the current functionality, we greatly appreciate your feedback. Please don't hesitate to reach out to us and share your experience.

In Figures, you now have the option to enrich your salary band structure by importing External Market Data. This feature, complements Figures' default market data, filling gaps and providing a balance with other data sources.

How to Import External Market Data

There are three ways to start the import process:

  1. Setup method: In the setup stage, click on 'Import External Market Data'.

  2. Salary Band method #1: While viewing salary bands, you'll find the 'External Market Data' section in the right sidebar. Click on it, and if you haven't added any external market data yet, you'll be prompted to import.

  3. Salary Band method #2: At the top of the salary grid, there's a combobox for selecting Market data. Click on 'Import External Market Data'.

All three methods will redirect you to the 'External Market Data Setup' page.

Preparing Your External Market Data

Once you're on the setup page, there are three initial steps to prepare your data:

  1. Generate a Template: Figures provides a template outlining the required format for the external market data import. This template includes a few mandatory fields that the system expects to find in your import file.

  2. Importing a File: After you've formatted your external data according to the template, you can import it.

  3. Naming and Coloring: Assign a name and color to your external market data. This will affect how the data is displayed within the salary bands.

Note: We will provide a detailed list of the mandatory fields in the template in a separate section.

Mapping Your Data

After your external data is imported, the next step is to map it to your existing structure.

  1. Level Mapping: The first step is to map your levels, as defined in the 'Structure' step, to the corresponding levels in your imported market data.

  2. Job/Location Mapping: Similarly, you will need to map your job and location combinations to those in the imported data.

Once you have completed the mapping, your external market data is ready for use. You can now view and compare it alongside Figures' market data within the salary bands.

Mandatory Fields in the Template

This section will provide a detailed explanation of the mandatory fields required in the import template. This is currently in development.


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