By Patricia A. Meglich, Ph.D., SPHR
This learning module is an in-depth teaching tool that is best used in an HR survey course to supplement total rewards content. The material covers the concepts involved in managing a salary survey project. The target audience is undergraduate students who have a working knowledge of basic HR topics and statistics (especially linear regression); however, this module is can also be used at the graduate level. A refresher on basic statistics may be required for students who do not have sufficient expertise to comprehend the analysis.
Duration: 150 minutes (three 50-minute sessions).
Learning Objectives: By the end of this learning module, students will be able to:
- Explain equity theory and equity issues.
- Explain compensation philosophy and market strategies.
- Explain purposes of salary surveys.
- Research market information on benchmark jobs.
- Research and analyze readily available pay information.
- Explain the scope of the survey (competitors, jobs, geographic areas).
- Explain the data to collect.
- Plan a survey using a Gantt chart.
- Explain issues involved in collecting survey data.
- Demonstrate statistical techniques used to analyze survey data.
- Explain how to deal with internal pay issues.
Click here for the instructor’s manual and click here for the PowerPoint presentation.
This item may be reproduced free of charge for use in HR classrooms in colleges and universities, in training classrooms in the workplace or in any other learning environment where HR knowledge is taught. For all other uses, requesters are directed to the “Obtain reuse/copying permission” button that appears in the Tools box on this item.