Chapt. 10

1
Chapt. 10 Surveying Market Pay and Compensation
Practices

• Critical Pay Survey Problems
• Obtaining a proper job match
• Collecting useful pay data
• Ensuring an acceptable sample
• Relating pay data to organizational policies

2

• Integrating market pay data with
  internally-generated job worth data
• Recognizing the goals of pay survey data
• Analyzing and making inferences from data
• Recognizing pay as just one component of total
  compensation
• Using 3rd-party data vs. performing survey

3
Why Conduct a Survey?

• Factor 1 Hiring and Retaining Competence
  Employees
• Factor 2 Promoting Worker Productivity
• Factor 3 Developing an Adequate and Acceptable
  Pay Structure
• Factor 4 Recognizing Pay Trends in the Market

4

• Factor 5 Defending Pay Practices in Court