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Managing a Salary Survey Project
 

By Patricia A. Meglich, Ph.D., SPHR  9/1/2011
 
 

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.

 

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