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What is the purpose of a compensation survey?
  • a)
    To establish internal equity within the organization.
  • b)
    To determine the cost of living adjustments for employees.
  • c)
    To collect information about compensation rates from the market.
  • d)
    To evaluate employee productivity.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of a compensation survey?a)To establish internal e...
A compensation survey collects data about compensation rates from the market to understand how an organization's pay structure compares to industry standards. This helps organizations make informed decisions about employee compensation.
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What is the purpose of a compensation survey?a)To establish internal equity within the organization.b)To determine the cost of living adjustments for employees.c)To collect information about compensation rates from the market.d)To evaluate employee productivity.Correct answer is option 'C'. Can you explain this answer?
Question Description
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