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

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Market Pricing - Conducting a Competitive Pay Analysis Questions and Answers

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Question 1

What is one way market pricing supports an organization's business strategy?

Options:

A.

Provides key competitive information on how the organization's compensation levels compare to the market

B.

Achieves the goal that no employee should leave the organization due to pay issues

C.

Ensures that the organization will always lead the market regardless of financial resources

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Question 2

Which of the following data is typically requested by salary surveys?

Options:

A.

Job duties and responsibilities

B.

Work location

C.

Industry type

D.

Wage rate or salary

E.

All of the above

Question 3

What method can be used to establish a unique market rate for a hybrid job?

Options:

A.

Averaging

B.

Blending

C.

Extrapolation

D.

Regression

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