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Introduction
Compensation information is now widely available. Click on
the website www.salary.com (Links to an
external site.)Links to an external site.
(Links to an external site.)Links to an external site. . This site
provides free data on jobs, including job description, annual salary by zip
code, distribution by quartiles of salary amounts, info on benefits, and so
forth. The basic information that an organization would get if it bought a
salary survey from a consultant or conducted its own salary survey can be found
here.
This site provides pay data on hundreds of jobs in cities
all over the U.S. in many different industries. Identify several jobs (at least
three) of interest to you, such as accountant, financial analyst, product
manager, stockbroker, or manager compensation. Select specific cities or use
the national average. Obtain the median, the 25th and 75th percentile base
wage, and the total cash compensation rates for each job.
Respond to the following questions.
Which jobs are paid more or less? Is this what you would
have expected? Why, or why not? What factors could explain the differences in
the salaries?
Do the jobs have different bonuses as a percentage of their
base salaries? Why, or why not? What could explain these differences?
Do the data include the value of the stock options? What are
the implications of this?
Read the job descriptions. Are they accurate descriptions
for jobs that you would be applying for? Why, or why not? Are there jobs for
which you cannot find an appropriate match? Why do you think this is the case?
Check out pay levels for these types of jobs in your
school’s career office or other local or regional source. How does the pay for
jobs advertised in your career office or other local or regional source differ
from pay levels from other sources? Why do you think these differences exist?
How do you use this information while negotiating your
salary in your job after graduation or when you apply for a different job? What
data would you provide to support your asking price? What factors will
influence whether or not you get what you ask for?
What is the relevant labor market for these jobs? How big
are the differences between salaries in different locations?
For each job, compare the median salary to the low and high
averages. How much variation exists? What factors might explain this variation
in pay rates for the same job?
Look for a description of how the salary data are developed.
Do you think it provides enough information? Why, or why not? Discuss some of
the factors that might impair the accuracy of the data. What are the
implications of using inaccurate salary data for individuals or companies?
With this information available for free, why would you
bother with consultants’ surveys?
If you were a manager, how would you justify paying one of
your employees, either higher or lower, than the results shown on this website?
In your conclusion, highlight one thing you learned that
would help you in the future. Your paper should respond with one or two
paragraphs for each question, and one brief paragraph each for an introduction
and conclusion. You will need to follow APA style and format and have a title
page, centered headings for each major part of the paper or question answered,
page numbering and page headers, and a reference page.IntroductionCompensation information is now widely available. Click on
the website www.salary.com (Links to an
external site.)Links to an external site.
(Links to an external site.)Links to an external site. . This site
provides free data on jobs, including job description, annual salary by zip
code, distribution by quartiles of salary amounts, info on benefits, and so
forth. The basic information that an organization would get if it bought a
salary survey from a consultant or conducted its own salary survey can be found
here.This site provides pay data on hundreds of jobs in cities
all over the U.S. in many different industries. Identify several jobs (at least
three) of interest to you, such as accountant, financial analyst, product
manager, stockbroker, or manager compensation. Select specific cities or use
the national average. Obtain the median, the 25th and 75th percentile base
wage, and the total cash compensation rates for each job.Respond to the following questions.Which jobs are paid more or less? Is this what you would
have expected? Why, or why not? What factors could explain the differences in
the salaries? Do the jobs have different bonuses as a percentage of their
base salaries? Why, or why not? What could explain these differences? Do the data include the value of the stock options? What are
the implications of this? Read the job descriptions. Are they accurate descriptions
for jobs that you would be applying for? Why, or why not? Are there jobs for
which you cannot find an appropriate match? Why do you think this is the case? Check out pay levels for these types of jobs in your
school’s career office or other local or regional source. How does the pay for
jobs advertised in your career office or other local or regional source differ
from pay levels from other sources? Why do you think these differences exist? How do you use this information while negotiating your
salary in your job after graduation or when you apply for a different job? What
data would you provide to support your asking price? What factors will
influence whether or not you get what you ask for? What is the relevant labor market for these jobs? How big
are the differences between salaries in different locations? For each job, compare the median salary to the low and high
averages. How much variation exists? What factors might explain this variation
in pay rates for the same job? Look for a description of how the salary data are developed.
Do you think it provides enough information? Why, or why not? Discuss some of
the factors that might impair the accuracy of the data. What are the
implications of using inaccurate salary data for individuals or companies? With this information available for free, why would you
bother with consultants’ surveys? If you were a manager, how would you justify paying one of
your employees, either higher or lower, than the results shown on this website?
In your conclusion, highlight one thing you learned that
would help you in the future. Your paper should respond with one or two
paragraphs for each question, and one brief paragraph each for an introduction
and conclusion. You will need to follow APA style and format and have a title
page, centered headings for each major part of the paper or question answered,
page numbering and page headers, and a reference page.

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