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Identify some of the major reasons for conducting survey. How will you prepare yourself while conducting Compensation survey? . SURVEYING MARKET PAY AND COMPENSATION PRACTICES By Arvind Shrouti. Learning Objectives. The major problems that restrict the gathering & analysis of Pay survey data.

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Presentation Transcript
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Identify some of the major reasons for conducting survey. How will you prepare yourself while conducting Compensation survey?
learning objectives
Learning Objectives
  • The major problems that restrict the gathering & analysis of Pay survey data.
  • The importance of conducting pay surveys.
  • Preparing to conduct survey
  • Various kinds of survey methods
  • Designing a survey
  • Analyzing survey data
critical pay survey problems
Critical Pay Survey Problems
  • Obtaining Proper job match
  • Collecting useful data
  • Ensuring an acceptable sample of organizations & jobs
  • Relating data to Organizational Pay Policies
  • Integrating market pay data with internally generated job worth data and pay structure design data.
  • Recognizing the goals of pay survey data designers and implementers.
  • Analyzing & making inferences from collected pay data.
why conduct a survey
Why Conduct a Survey ?
  • Hiring & Retaining Competent Employees
  • Promoting Worker Productivity
  • Developing an Adequate & Acceptable Pay Structure
  • Recognizing Pay Trends in the Market
  • Defending Pay Practices in a Court of Law
scope of the survey
Scope of The Survey
  • Do the problem areas exist only within certain functions or work units.
  • Bargainable or Non-Bargainable
  • Middle management, Particular professional Jobs or certain clerical jobs.
  • In short define the scope carefully with all considerations.
preparing for the survey
Preparing For The Survey
  • Development, Implementation and Analysis
  • Classification of Job or Occupation
  • Pay Structure
  • Identification of the Labour market
  • Influence of Competing Organizations
  • Selection of Respondents
  • Cooperation of Respondents
  • Kinds of data to be collected
  • Maintenance of Confidentiality
  • Compliance with legislative mandates
data collection techniques
Data Collection Techniques
  • Telephone
  • Mailed Questionnaire
  • Online
  • Face to Face Interview
  • Conference
  • Agreements
identifying the survey methods
Identifying the Survey Methods
  • Job matching
  • Class Matching
  • Occupational Survey method
  • Job Evaluation Method
  • Broad Classification Method
analysis findings of the compensation survey
Analysis & Findings of the Compensation Survey
  • Analysis
  • Measuring Statistics
  • Major Findings & Interpretations
question
Question
  • Identify the major reasons for conducting a compensation survey & Explain the various stages involved in the Compensation.