Compensation 11th Edition by George Milkovich,Jerry Newman,Barry Gerhart

Exercise 14

Word-of-mouse: Dot-com comparisons
More compensation information is available than ever before. Click on the website www.salary.com or on www.glassdoor.com. These websites, which we have used in the opening to Part Three and in the present chapter, provide pay data on hundreds of jobs in cities all over the United States in many different industries. Identify several jobs of interest to you, such as accountant, financial analyst, product manager, or stockbroker. Select specific cities or use the U.S. national average. Obtain the median, the 25th and 75th percentile base wage, and total cash compensation rates for each job. Then consider the following questions:
For each job, compare the median salary to the low and high averages. How much variation exists What factors might explain this variation in pay rates for the same job 13