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Market Pricing - Conducting a Competitive Pay Analysis

Last Update 8 hours ago Total Questions : 165

The Market Pricing - Conducting a Competitive Pay Analysis content is now fully updated, with all current exam questions added 8 hours ago. Deciding to include C17 practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 4

What is the primary purpose of salary surveys?

A.

To establish industry-wide salary benchmarks

B.

To determine the salary for a specific job

C.

To provide employee discounts

D.

To enhance survey value

E.

To provide easier job matching

Question # 5

Which of the following is true when aging data over two calendar years?

A.

Combine into one factor, then age

B.

Age both years first, then subtract the second year

C.

Age one year first, then age the second year

Question # 6

Which of the following is true of job matching?

A.

If your job matches 80% or higher, it's a "strong" match

B.

If your job matches 70% or higher, it's a "strong" match

C.

If your job matches 60% or higher, it's a "strong" match

Question # 7

Which survey sources may be high in reliability?

A.

Only online survey

B.

Only company's internal survey

C.

Custom third-party survey

D.

Government survey

Question # 8

When is it appropriate to practice open communications regarding pay decisions?

A.

It is never appropriate; organizations should not share pay decisions with employees.

B.

If the organizational culture supports open communications

C.

If the organization's competitors practice open communications.

Question # 9

Which survey format represents pay for time in a career or profession, not in a job or organization?

A.

Job evaluation method

B.

Market pricing method

C.

Point factor method

D.

Maturity curves

Question # 10

Which of the following is a component of data integrity?

A.

The extent to which the survey has been audited

B.

The number of survey questions

C.

The type of survey methodology used

D.

The length of the survey

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