All C17 Test Inside WorldatWork Questions

Market Pricing - Conducting a Competitive Pay Analysis Questions and Answers

Question 5

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

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

Data is more reliable because it is self-reported

It can be tailored to meet your needs and specifications

Question 6

If cost is a major factor, which of the following survey data sources would you lease likely consider?

Published survey

Custom third-party survey

Complimentary survey

Survey you conduct on your own

Question 7

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

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

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

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

Question 8

Which of the following is a purpose of communication from an employer's perspective?

Increase employee workload

Decrease productivity

Improve workplace safety

Improve employee morale