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Market Pricing - Conducting a Competitive Pay Analysis Questions and Answers

Question 1

Who is best suited to communicate compensation information to individual employees?

Options:

A.

The HR Manager

B.

Senior executives

C.

Managers and supervisors (or the person to whom the employee directly reports)

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Question 2

Choose the market position that matches the following description: The company's pay philosophy will stay ahead of the market the first half of the year, then fall behind the market.

Options:

A.

Lead

B.

Lead-lag

C.

Lag.

D.

Lag-Lead

Question 3

What are regression analysis outliers?

Options:

A.

Data points that are too high compared to the average

B.

Data points that are too low compared to the average

C.

Data points that are within the expected range

D.

Data points that are anomalies in comparison with other data points