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Alan is new to the field of research. He has chosen a simple research project to understand the overall sequence of steps to be followed in developing the research idea. He has successfully completed the stage of identifying research variables. Which of the following steps should Alan take to begin the collection and analysis of relevant data?
Compa-ratio
A comparison ratio that measures an employee's salary relative to the median or midpoint of the market rate for their job.
Pay Range
The spectrum of compensation offered for different positions within a company, indicating the minimum and maximum pay for each role.
Market-pay Surveys
Studies or analyses performed to gather data on prevailing wage rates for different jobs in the market.
Pay Differential
The variation in pay rates not explained by merit or performance, often resulting from factors like location, working hours, or job hazards.
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