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Pay Survey Definition and Explanation PDF Download

Learn Pay Survey definition in hrm with explanation to study “What is Pay Survey”. Study pay survey explanation with HRM terms to review HRM course for online MBA programs.

Pay Survey Definition:

  • Collection of data on compensation rates for workers performing similar jobs in other organizations.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Pay Survey Explanation:

A compensation review or a pay survey is ordinarily led to check the association's remuneration levels concerning the outside condition. This aides in plainly characterizing the particular compensation for each job.Firstly a benchmark occupation is distinguished, the compensation size of the association is situated, and the general worth of the various employments are set up concerning the benchmark work. Pay studies are normally led by an organized composed Questionnaire. A compensation and pay review is utilized to accumulate market pay information for a plenty of employments on either a nearby or across the nation premise.

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