I 'm having a hard time finding answer for this question: can you please help??
In Compesation Surveys how are relevant labor markets defined :
a) employment numbers, occupational classification, geography
b) occupational classification, market competition, employemnt numbers
c) occupational classification, geography and market competiton.
d) geography, employment numbers, market competiton.
It's probably b.
http://www.blackwellreference.com/public/tocnode?id=g9780631233176_chunk_g978140511697821_ss1-18
To find the answer to your question, you can use a combination of research techniques. One approach is to start by understanding the purpose of compensation surveys. Compensation surveys seek to gather data on compensation practices and trends in specific industries and occupations.
To determine how relevant labor markets are defined in compensation surveys specifically, you can refer to reputable sources such as industry associations, government agencies, or academic research. These sources often publish guidelines or standards for conducting compensation surveys, which may include information on how to define relevant labor markets.
By examining multiple sources, you can identify common factors that are considered when defining relevant labor markets in compensation surveys. Now, let's analyze the answer choices in light of this information:
a) employment numbers, occupational classification, geography: This choice includes three factors that are commonly important when defining relevant labor markets in compensation surveys. Employment numbers provide an indication of the size and availability of potential labor pools. Occupational classification allows for the identification of specific job roles or functions. Geography is important for understanding regional or local labor market dynamics.
b) occupational classification, market competition, employment numbers: This choice includes two relevant factors (occupational classification and employment numbers), but it does not include geography, which is commonly considered in defining labor markets.
c) occupational classification, geography, and market competition: This choice includes all three factors that are commonly important when defining relevant labor markets in compensation surveys - occupational classification, geography, and market competition.
d) geography, employment numbers, market competition: This choice includes all three factors, but it does not include occupational classification, which is commonly considered in defining labor markets.
Considering the information above, the most accurate answer based on common practices would be:
c) occupational classification, geography, and market competition.
Remember to always verify the information using reliable sources specific to compensation surveys to ensure accuracy and keep up with any changes or updates in industry standards.