To make use of data from a wage and salary survey,an organization first needs to select appropriate benchmark jobs.

Question

Quizplus · Accepted Answer

This statement is true. Benchmark jobs are jobs that are common across different organizations and industries and are used as reference points for comparing pay and benefits. It is important for an organization to select appropriate benchmark jobs that are comparable to their own jobs in terms of skills, knowledge, responsibilities, and other relevant factors. Only then can they effectively use the data from a wage and salary survey to set competitive and fair compensation packages.

To Make Use of Data from a Wage and Salary