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Market Pricing - Conducting a Competitive Pay Analysis Questions and Answers

Questions 1

A majority of surveys are reported in what format?



Linear regression


Summary statistics


Maturity curves

Questions 2

What factors should be considered when weighting market data?



Compensation philosophy and strategy only


Quality of surveys only


Quality of job match only


Sample size only


Compensation philosophy and strategy, quality of surveys, quality of job match, sample size

Questions 3

What factors can impact the accuracy of job matching in salary surveys?



Job titles




Geographic location


Education and experience requirements


All of the above