An important tool for companies seeking to maintain external equity is the use of:
A) job analysis.
B) job hierarchies.
C) Hay rating scales.
D) market survey data.

Question

Quizplus · Accepted Answer

Market survey data provides information on the salaries and compensation packages offered by other companies in the same industry and location. This information helps companies to understand the external market and ensure that they are offering competitive salaries and benefits to attract and retain talented employees.

An Important Tool for Companies Seeking to Maintain External Equity