C17 Exam Dumps - WorldatWork Certification Questions and Answers

The average market pay level

The highest market pay level

The lowest market pay level

A line of best fit of market pay levels for each grade based on the benchmark jobs

Employee tenure and seniority

Employee performance evaluations

Employee benefits and perks

External competitiveness and relevant labor market

Any market inequities are built in

Simple to administer

TAkes into consideration the company's perceived value of a job

Legally defensible based on job content.

Easy to understand and explain, aligned with internal equity, accurate for all types of jobs, provides high degree of transparency

May be difficult to obtain data, may not be aligned with internal equity, not defensible on job content basis, may be overly time consuming

Simple to administer and update for currency, responsive to the market, not overly time consuming compared to other methods, high degree of transparency

Based on job content, provides flexibility for job evaluation, accurate for all types of jobs, requires less market data

Surveys with higher response rates

Surveys with lower numbers of companies and/or incumbents reported

Surveys with older data

Surveys with lower quality benchmarks jobs

Age both years at the same time

Age the second year first, then the first year

Age both years separately

Age one year first, then age the second year

No. of months to age x annual aging factor

No. of months to age/12 months

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

Annual aging factor x 12 months

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

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

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

Small sample size, lack of transparency, unclear data

Sample size is large enough to be valid, no secrets - gives key elements, effective date of the data, term definitions, clarity of statistic, and position descriptions, sources identified

Biased data, vague descriptions, lack of data

Outdated data, undefined terminology, small sample size

Eliminate them

Keep them in the dataset

Report them as errors

Average them with other data points