Question

An employer is contemplating conducting their own in-house compensation surveys. what would you caution them about?

a. skills and abilities associated with survey methodology are needed.
b. there is a lack of control over process.
c. there is no need to involve outside consultants.
d. they are likely to sample the wrong jobs and/or industry.

Answer 1

When conducting in-house compensation surveys, employers should be cautious about lacking the necessary survey methodology skills, the lack of control over the process, and the potential to sample the wrong jobs or industries.

Step-by-step explanation:

When contemplating conducting their in-house compensation surveys, employers should be cautious about several factors:

1. Skills and abilities associated with survey methodology: Conducting accurate surveys requires knowledge of appropriate survey design, sampling techniques, data collection methods, and statistical analysis. Without these skills, the results may be unreliable or biased.
2. Lack of control over the process: Conducting surveys in-house may result in a lack of objectivity and impartiality. External consultants can provide an unbiased perspective and ensure the survey process is fair and rigorous.
3. Sampling the wrong jobs and/or industries: Selecting the right sample is crucial for obtaining accurate and representative data. Without expertise in job analysis and industry knowledge, employers may unintentionally sample the wrong jobs or industries, leading to inaccurate results.