Written Case Study: Getting and Using Compensation Information
Compensation information is now widely available. Click on the website www.salary.com. This site provides free data on jobs, including job description, annual salary by Zip Code, distribution by quartiles of salary amounts, info on benefits, etc. 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 manager. 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.