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6 <br />Market Assessment <br />External Equity <br />•Peer Organizations = public peer organizations that are similar in size <br />(revenue, population, or number of employees), services provided, geographic <br />proximity, industry, competition for talent, etc. <br />•Private Sector = published data salary survey data included in the market results <br />•Benchmark Positions = a job that is commonly found in the workforce and is <br />likely to match with analogous positions in other organizations. <br />•Data Adjustments = work week, aging data for if not in the current fiscal year <br />(market data was aged by 3% to account for January 2023 annual adjustments) <br />•Quality Control <br />•Market data is not weighted; no peer’s data is given preference over another. <br />•Required 3 matches per benchmark position to determine market values <br />•A 75% overlap in duties/responsibilities is considered a “good” match