Every July publication is the start of a new survey year. It is when changes made to the Radford Global Compensation Survey for the current cycle are incorporated into the output results. For example, if we have introduced any job changes for the survey year, the July publication would be the first time these changes are reflected in any published results going forward.
As part of each new survey year transition, we also automatically expire all peer groups previously created by the user. This once a year event will give users the opportunity to make any major adjustment to their peer groups, including deleting any peer groups they no longer wish to use.
Before any Market Queries containing previous peer groups can be used after the survey year transition, the user must renew their expired peer groups in the Peer Group Library. The renew process will take the peer group through validations similar to the quarterly peer group refresh process. Once the peer groups are renewed, they are automatically updated in corresponding Market Queries so users do not have to recreate them.
Unlike the quarterly peer group refresh process, the peer groups that do not pass data validations are no longer available to use. This is part of our overarching data privacy framework in place to keep our clients’ data protected.