How Do You Apply Your Survey Data Results to a Skill-Based

question 37

Multiple Choice

How do you apply your survey data results to a skill-based pay system?

• A) Use information from jobs that match the bottom of the skill grid and the top of the skill grid.
• B) Develop a market line and calibrate your system against that.
• C) Apply the market rates to your jobs
• D) Surveys don't capture the appropriate information, and misrepresent actual pay trends.

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Definitions:

Accounts Payable Balance

The total amount of money a company owes to suppliers or creditors for items or services purchased on credit.

Purchase Price

The amount of money paid to buy a good, service, or financial asset.