WorldatWork C17 Q&A - in .pdf

  • Exam Code: C17
  • Exam Name: Market Pricing - Conducting a Competitive Pay Analysis
  • Q & A: 0 Questions and Answers
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  • Exam Code: C17
  • Exam Name: Market Pricing - Conducting a Competitive Pay Analysis
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WorldatWork C17 Exam Syllabus Topics:

SectionObjectives
Job Benchmarking and Market Pricing- Job pricing techniques
  • 1. Single-job market pricing
  • 2. Market composite development
  • 3. Market rate determination
  • 4. Benchmark job selection
Communication and Application of Market Pricing- Implementation and stakeholder communication
  • 1. Communicate compensation decisions
  • 2. Support pay equity and competitiveness objectives
  • 3. Explain market pricing methodologies
Market-Based Pay Structure Design- Competitive pay structure development
  • 1. Support merit increase and promotion decisions
  • 2. Establish salary ranges and midpoints
  • 3. Design market-based salary structures
Market Pricing Methodologies- Interpretation and adjustment of market data
  • 1. Aging market data
  • 2. Blending survey data
  • 3. Weighting methodologies
  • 4. Applying market premiums
  • 5. Modeling and regression analysis
Market Data Sources and Quality Assessment- Compensation survey and market data management
  • 1. Evaluate data integrity and reliability
  • 2. Identify compensation data sources
  • 3. Select appropriate market data for workforce segments
External Competitive Market Analysis- Analyze external compensation market data
  • 1. Determine prevailing rates in relevant labor markets
  • 2. Align market rates with compensation philosophy

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