As an HR manager,what tool would you most likely use to determine the compensation of employees found in competitor firms?
A) job analyses
B) job evaluations
C) labor statistic reports
D) compensation surveys

Question

Quizplus · Accepted Answer

D)Compensation surveys involve the collection and subsequent analysis of competitors' compensation data.Compensation surveys traditionally focused on competitors' wage and salary practices.Employee benefits have more recently also become a target of surveys because benefits are a key element of market-competitive pay systems.Compensation surveys are important because they enable compensation professionals to obtain realistic views of competitors' pay practices.

As an HR Manager,what Tool Would You Most Likely Use