The information provided in the pay survey can be used by the HR manager to:
A) determine overall labour costs and whether remuneration budgets are achievable.
B) highlight how HR activities have reduced annual labour costs.
C) assess the contribution of each job holder to the achievement of organisational objectives.
D) calculate the organisation's competitive position and plan any corrective action required.

Question

Quizplus · Accepted Answer

Page 443. Applied. HR managers use pay surveys to assess where their pay and benefits policies sit in relation to the market and then they are able to adjust their remuneration policy to suit their preferred competitive position.

The Information Provided in the Pay Survey Can Be Used