Asked by
ganesh dhuriya
on Dec 08, 2024
Verified
Which of the following statements is true of pay surveys?
A) Individual employees should not have access to the data collected from these surveys.
B) They are the most commonly used source of information for internal equity.
C) Large firms design their own pay surveys to get the exact data they need.
D) The jobs that are the focus of these surveys should be niche jobs.
Pay Surveys
Are surveys of compensation paid to employees by other employers in a particular geographic area, industry, or occupational group.
Internal Equity
The fairness with which an organization's compensation policies and practices distribute resources among its employees.
Source of Information
The origin from which data or knowledge is obtained.
- Evaluate the role of pay surveys and the relevance of market data in determining fair compensation.
Verified Answer
CV
Learning Objectives
- Evaluate the role of pay surveys and the relevance of market data in determining fair compensation.