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| Section | Weight | Objectives |
|---|---|---|
| Developing Market-Based Pay Structures | 15% | - Setting salary ranges and differentials - Documenting and communicating results - Aligning internal equity with external competitiveness - Calculating market rates and midpoints |
| Job Analysis and Benchmarking | 20% | - Job documentation and evaluation - Handling job complexity and differences - Matching internal jobs to external survey roles |
| Data Analysis and Adjustment | 25% | - Aging/trending data to current market rates - Identifying and handling outliers/anomalies - Measures of central tendency and dispersion - Weighting and blending multiple data sources |
| Foundations of Market Pricing | 20% | - Legal and ethical considerations - Identifying relevant labor markets and competitors - Role in total rewards strategy - Defining competitive pay philosophy |
| Market Data Sources and Quality | 20% | - Evaluating data reliability and relevance - Understanding survey methodology and definitions - Types of compensation surveys and data providers |
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