WorldatWork Market Pricing - Conducting a Competitive Pay Analysis C17 Question # 29 Topic 3 Discussion

WorldatWork Market Pricing - Conducting a Competitive Pay Analysis C17 Question # 29 Topic 3 Discussion

C17 Exam Topic 3 Question 29 Discussion:
Question #: 29
Topic #: 3

What is the difference between a traditional salary survey and a market pricing survey?


A.

Traditional surveys focus on salary data, while market pricing surveys focus on pay structures


B.

Traditional surveys are based on self-reported data, while market pricing surveys rely on compensation data from multiple sources


C.

Traditional surveys are used by employers to determine internal pay structures, while market pricing surveys are used to determine external pay competitiveness


D.

There is no difference between the two survey types


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