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Congratulations!
You have completed ERI DLC Course 73: Analyzing Salary Surveys.
You should now be able to:
- Specify the elements of a compensation strategy
- Define market pricing and market rate
- Identify the characteristics of a good salary survey
- Recognize the Federal Trade Commission Survey Safe Harbor Guidelines
- Identify the different sources of salary survey data and their pros and cons
- Determine the steps needed to conduct your own survey
- Specify the role of benchmark jobs and how to select them
- Define how to present salary survey results using job title, frequency distribution, graph, or maturity curve
- Recognize common statistics terms used in salary surveys
- Specify the different kinds of information a salary survey may provide
- Identify ways to analyze salary survey sources for validity and reliability
- Specify how to develop a compensation plan from a salary survey
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.