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Market Pricing - Conducting a Competitive Pay Analysis

Last Update 21 hours ago Total Questions : 165

The Market Pricing - Conducting a Competitive Pay Analysis content is now fully updated, with all current exam questions added 21 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

Which of the following is a characteristic of a good survey?

A.

Survey sources are identified.

B.

A limited sample size.

C.

Aggregate data is trimmed.

Question # 5

What is the norm in displaying survey data format?

A.

Data in aggregate values

B.

Data in individual values

C.

Data in summarized form only

D.

Data in narrative format only

Question # 6

For which of the following would regression analysis be used?

A.

Estimating the change in market rates for jobs based on scope data

B.

Determining the market rate composite from several survey sources

C.

Determining the premium for a hybrid job

Question # 7

Which of the following information is typically stored in an HRIS?

A.

Customer information

B.

Financial information

C.

Information related to individual employees

D.

Marketing materials

Question # 8

What is the formula for calculating the survey aging factor?

A.

No. of months to age x annual aging factor

B.

No. of months to age/12 months

C.

No. of months to age/12 months x annual aging factor

D.

Annual aging factor x 12 months

Question # 9

What information should be communicated when communicating compensation?

A.

General information and vague messages

B.

Inaccurate information and specific messages

C.

Accurate information and vague messages

D.

Accurate information and specific messages

Question # 10

How can the design of a compensation program help to ensure its success?

A.

By aligning with the organization's business strategy

B.

By using a standardized approach for all employees

C.

By offering the highest salaries in the market

D.

By providing only monetary rewards

E.

By using a complex compensation structure

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