As director of compensation and benefits,you are deciding whether you should purchase a new pay survey.You consider all the of following characteristics of pay surveys in your decision EXCEPT
A) On what dates were the survey data gathered?
B) Is the survey focused exclusively on companies of your size, the city in which you operate, and your industry?
C) Are you familiar with the reputation of the company or organization that produced the survey?
D) Does the survey include data from companies with which you compete for employees?

Question

Quizplus · Accepted Answer

The decision to purchase a new pay survey should be based on the relevance and reliability of the data, not solely on whether the survey is focused exclusively on companies of the same size, in the same city, and in the same industry. It's more important to consider the date of the data, the reputation of the survey provider, and whether the data includes competitors, as these factors directly impact the usefulness and applicability of the survey information for making informed compensation decisions.

As Director of Compensation and Benefits,you Are Deciding Whether You