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Market Pricing - Conducting a Competitive Pay Analysis Questions and Answers

Questions 1

A majority of surveys are reported in what format?

Options:

A.

Linear regression

B.

Summary statistics

C.

Maturity curves

Questions 2

What factors should be considered when weighting market data?

Options:

A.

Compensation philosophy and strategy only

B.

Quality of surveys only

C.

Quality of job match only

D.

Sample size only

E.

Compensation philosophy and strategy, quality of surveys, quality of job match, sample size

Questions 3

What factors can impact the accuracy of job matching in salary surveys?

Options:

A.

Job titles

B.

Industry

C.

Geographic location

D.

Education and experience requirements

E.

All of the above