Sophia is collecting data to complete a compensation analysi - SHRM-CP Practice Questions
Question
Sophia is collecting data to complete a compensation analysis. This data will help the organization determine if salaries need to be increased or if they are appropriate and in alignment with the industry. Sophie has discovered a website that has information available on practically every job she needs to assess; however, she is hesitant to use the information. What factors should she rely on when determining whether to use this data?
Answers
-
-
correct
-
-
Explanation
Sophia should rely on whether the data is recent and relevant.
For a compensation analysis, it's crucial to use up-to-date information that reflects current market conditions. Data from several years ago may no longer accurately represent industry standards or economic factors. Therefore, Sophia should ensure that the data is recent and aligns with current job market trends to make informed compensation decisions.
No Payment Cards Needed
