Simon is a compensation specialist for Amber Waves, Inc. He is collecting data on compensation rates for workers performing similar jobs at other organizations. Which of the following is Simon conducting?
A)a pay survey
B)a competitive evaluation
C)a market review
D)a wage benchmarking study

Question

Quizplus · Accepted Answer

Simon is conducting a pay survey, which involves collecting data on compensation rates for workers performing similar jobs at other organizations. This information can be used to ensure that Amber Waves is offering competitive compensation packages to its employees. Competitor evaluation, market review, and wage benchmarking studies are similar activities that may also be conducted by compensation specialists, but they involve slightly different approaches and methods.

Simon Is a Compensation Specialist for Amber Waves, Inc