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Analyzing compensation data gathered from other employers

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Reference no: EM133602478

Question: Pay Survey Analysis This is due this due date. Pay survey analysis is the process of analyzing compensation data gathered from other employers in a survey of the relevant labor market. Gathering external pay data (e.g., base pay, bonuses, stock options and benefits) is essential to keep the organization's compensation externally competitive within its industry. Employee attraction and retention can be improved by maintaining externally aligned pay structures.

Reference no: EM133602478

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