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  4. C17 - Market Pricing - Conducting a Competitive Pay Analysis

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C17 Exam Dumps - Market Pricing - Conducting a Competitive Pay Analysis

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Question # 17

Which of the following is a consideration in determining if a survey should receive greater weight?

A.

Surveys with higher response rates

B.

Surveys with lower numbers of companies and/or incumbents reported

C.

Surveys with older data

D.

Surveys with lower quality benchmarks jobs

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Question # 18

Which of the following is a characteristic of a good survey?

A.

Short and vague questions

B.

Biased questions

C.

Survey sources are identified

D.

Low response rate

E.

All of the above

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Question # 19

Which of the following is an advantage of market-based job evaluation and pay structure design?

A.

Any market inequities are built in

B.

Simple to administer

C.

TAkes into consideration the company's perceived value of a job

D.

Legally defensible based on job content.

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Question # 20

What is a job offer letter?

A.

A letter to an employee announcing a promotion

B.

A letter to an employee terminating their employment

C.

A letter to a candidate offering them a job

D.

A letter to an employee outlining their performance evaluation

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Question # 21

Which of the following is an advantage of a published survey?

A.

You can customize the survey to meet your specific needs

B.

You have full control over the survey data and methodology

C.

You can negotiate the survey pricing with the vendor

D.

You may receive a substantial discount if you participate in the survey

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Question # 22

What is a primary objective of stock-based compensation?

A.

Attracting new employees

B.

Retaining employees

C.

Motivating employees

D.

All of the above

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Question # 23

Which of the following data is typically requested by surveys?

A.

Wage rate or salary

B.

Employee gender

C.

Employee age

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Question # 24

What is a benchmark job?

A.

A job that is easy to perform

B.

A job that is unique to a particular industry

C.

A job that has never been performed before

D.

A standard job used to make pay comparisons, and is easily defined and found in other organizations

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