1. Identify some of the major reasons for conducting survey
Identify some of the major reasons for conducting survey. How will you prepare yourself while conducting Compensation survey?

2. SURVEYING MARKET PAY AND COMPENSATION PRACTICES By Arvind Shrouti

3. 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

4. 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.

5. 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

6. 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.

7. 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

8. Data Collection Techniques
Telephone
Mailed Questionnaire
Online
Face to Face Interview
Conference
Agreements

9. Identifying the Survey Methods
Job matching
Class Matching
Occupational Survey method
Job Evaluation Method
Broad Classification Method

10. Analysis & Findings of the Compensation Survey
Measuring Statistics
Major Findings & Interpretations

11. Question
Identify the major reasons for conducting a compensation survey & Explain the various stages involved in the Compensation.

12. THE END