Clients who have created Peer Groups will have the option to refresh data for their already existing Peer Groups. A peer group data refresh can be initiated by users any time by clicking the red refresh icon or “Refresh All Data Available” link (see screenshot below). If there is no active refresh symbol, that means there were not enough changes (minimum of 5 companies changed or dropped within the peer group) with the new publication for the Peer Group to be eligible for refresh.
If a user clicks the refresh link, the peer group will be submitted for additional validation checks, such as checking for similarity against other valid peer groups, or against market query breakouts. These additional validations are in place to ensure the protection of individual client data.
Once a peer group refresh request passes all the additional validations, the peer group will have a new effective date, and any market query reports run with this peer group will have refreshed data.
If a peer group refresh request does not pass all the additional validations, the peer group remains available to users with its prior effective date. Similarly, if the user chooses not to refresh a peer group, it remains available with its prior effective date. Even if a peer group refresh isn’t available or has not passed validations, it may become eligible for another refresh attempt after a subsequent quarterly data publication.
What happens to companies included in peer groups that are no longer in the Radford Global Compensation Database after a quarterly publication?
If a peer group has not been refreshed, the original list of companies remains and no changes are made to the peer group data. When used in market query reports, such peer groups will have their original effective date displayed.
If a peer group refresh is initiated and successfully passed all the validations, any companies that are no longer in the database will be removed from the updated peer group company list. The peer group will have a new effective date, and any market query reports run with this peer group will now exclude any companies that have been removed.