JOBSCORE

Price Deflator

Why do we have this?

One factor in the evaluation of a job is the size of the organisation containing the job. Here, total annual revenue, or annual expenditure budget for not-for-profit organisations measures size. So that the evaluation for a job does not increase merely through the effects of inflation on the organisation's revenue, a price deflator is applied to maintain the revenue in constant dollar terms. Jobscore automatically adjusts the current dollar revenue provided by the user through the application of a factor called a Price Deflator.

The price deflator is calculated annually by the NRC following publication of Australian Gross Domestic Product figures by the Australian Bureau of Statistics, Canberra. The deflator is factored into Jobscore in September each year to account for the movement in GDP over the immediately preceding financial year (1 July to 30 June). If there is only a small movement in annual GDP for the year then there is only a small likelihood that evaluations will be affected by the application of an updated price deflator.

Users should keep the organisation revenue figure up-to-date, and recalculate their evaluations in the last quarter of each year to gauge the impact of the deflator.. As with other organisation parameters, the more highly evaluated the job the greater the impact of the organisation measures.

All evaluations can be recalculated automatically using the Recalculate Evaluations button on the Job List screen.

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