Which of the following is the first step in analyzing compensation survey data?
A) establishing pay grades and ranges
B) calculating a compa-ratio
C) assessing the number of job evaluation points that each job has received
D) assessing central tendency of pay and the variation across employers

Question

Quizplus · Accepted Answer

The first step in analyzing compensation survey data is to assess the central tendency of pay and the variation across employers. This helps to identify any outliers or anomalies in the data and establish a baseline for comparison. Once this is done, pay grades and ranges can be established, compa-ratios can be calculated, and job evaluation points can be assessed.

Which of the Following Is the First Step in Analyzing