ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Average salary
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Inflation indicators
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Salary budget averages
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All of the above
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Detailed explanation-1: -Average salary, Inflation indicators and Salary budget averages are included in salary survey. Salary surveys are typically conducted with numerous Organisations in a given employment sector or industry in order to determine levels of pay for specific job groups or classifications.
Detailed explanation-2: -A salary survey is a standard method of finding out what other organizations are paying for specific jobs or job classes. Large organizations in particular routinely conduct compensation surveys to determine prevailing pay rates and benefits.
Detailed explanation-3: -The core of any salary survey report is the salary data. This can be conveyed in a number of ways, including written summaries, tables, graphs or any combination of the three. This section of the report typically includes a degree of analysis, breaking out the data in ways that are meaningful for readers.
Detailed explanation-4: -Salary Survey Using Data From Companies. This is regarded as a traditional survey approach that depends on data from organizations on how they compensate their workers. Salary Survey Based on Employees. Employee Salary Survey. Employee Benefits Survey. Wages Survey. Employee Compensation Survey.