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HUMAN RESOURCE MANAGEMENT PRACTICE - Fichier PDF

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Market rate analysis ❚ 687Table 45.1continuedSource Brief description Advantages DisadvantagesPublished data Data on settlements Readily accessible. Mainly aboutin journals and pay levels available settlements and trendsfrom IDS or IRS, andlittle specific wellon national trends inmatched informationearnings from the Newon pay levels forEarnings Survey.individual jobs.Job Pay data obtained from Readily accessible, Job matching veryadvertisements job advertisements. highly visible (to imprecise, payemployees as well as information may beemployers), up to date. misleading.Management Pay data obtained from Based on well- Only obtainable fromconsultants’ the databases researched and specific consultants.databases maintained by matched data.managementconsultants.Analysis of Pay data derived from Immediate data. Data random and canrecruitment data analysis of pay levels be misleading becauserequired to recruit staff.of small sample.Other market Pay data obtained Provide good Imprecise, notintelligence from informal background. regularly available.contacts or networks.

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