I'm having a problem can't locate answer for this question:
THIS CAUSE COMPENSATION SURVEY DATA TO BECOME ABSOLETE FAIRLY QUICKLY.
a) the lag time between when the data was collected and used
b) pay compression
c) chane in the unemplment rate
d) changes in the geographic location of the company
I have no clue even if I guess the answer...
To find the correct answer to this question, you need to understand what could cause compensation survey data to become obsolete fairly quickly. Let's go through each option and explain how it relates to the question:
a) The lag time between when the data was collected and used: This option suggests that there might be a delay in using the collected compensation survey data. If the data is not updated frequently, it could become outdated quickly.
b) Pay compression: Pay compression refers to situations where there is a narrow salary difference between employees with different levels of experience or expertise. It is not directly related to the obsolescence of compensation survey data.
c) Change in the unemployment rate: Changes in the unemployment rate may affect the job market and overall compensation structures. However, it may not directly cause compensation survey data to become obsolete.
d) Changes in the geographic location of the company: This option implies that if a company moves or opens new branches in different locations, the compensation structures and job markets might change significantly. As a result, the compensation survey data may quickly become outdated.
Based on these explanations, option (d) seems to be the most likely answer to your question. Changes in the geographic location of a company could have a significant impact on compensation survey data, making it become obsolete fairly quickly.
Remember, when faced with a multiple-choice question, it's essential to carefully analyze each option and eliminate those that are less relevant.
I assume your question is asking about data becoming OBSOLETE (not absolete).
If you look up the meaning of "obsolete," your answer will be obvious.