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The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design, 6th Edition by Dorothy Berger, Lance Berger

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11

Optimizing the Use of Salary Surveys

TIM BROWN

Radford Surveys & Consulting

This chapter will help readers to better understand and use the numerous sources of external market compensation data (from labor groups, industry groups, government entities, and commercial survey vendors). Our special focus is on a discussion of the role commercial third-party-vendor compensation surveys play as a resource for making pay decisions in organizations today, as well as the features companies should consider when determining which survey or surveys best meet their needs.

Current Business Issues

Beyond this introductory scenario, companies around the world are facing an environment in which pay data are increasingly critical. The tools available today ...

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