PLEASE RESPOND TO THIS, I MUST COMPLETE A PEER REVIEW ON THEBELOW. Thanks
Please demonstrate critical thinking abilities. No fewerthan 100 words for post.
For this response, should outside sources be used to supportthe content within the postings, proper in-text citations and correctlyformatted references should be prepared consistent with the APA (6th edition).The list of references should be physically positioned at the end of thepostings.
4.How would you design a survey for setting pay for welders?Financial managers? Do the issues differ? Will the techniques used and the datacollected differ? Why/why not?
Compensation surveys are designed to collect data(specifically, the US Equal Employment Opportunity Commission) that includesdetailed information on employment by gender and race/ethnicity by jobgroupings from all employers that are not considered small. The earnings datacollected by the EEOC are for state employees and local governments; excludesschool systems and educational institutions, and the earning data are limitedto major gender and race/ethic groups for a total of eight salary ranges (USEqual Employment Opportunity Commission, 2012). I would design a similarcompensation survey for welders that would obtain data on a semi-annual basisand it would be a more custom survey. This way the answers are specific to thecompany’s peer group and more detailed in nature. I believe that providing asimilar method when collecting data for financial managers as well. This waycompanies are comparing salaries to like positions in like areas. The issuesvary to a point as these are different jobs in different sectors of the market;however, the significant data would be very similar (race, gender, earningsdata, etc.). The technique to obtain this data would be to send outquestionnaires to like companies in like areas. The questionnaires would bedistributed to survey respondents through email and given two to six weeks tocomplete the survey. The data collection then will be analyzed by the surveyingcompany and then distributed out to the participants and others (Coleman,2017).
Coleman, Bill. (2017). Compensation surveys. Retrieved fromhttp://www.salary.com/compensation-surveys/Links to an external site.
US Equal Employment Opportunity Commission. (2012).Collecting compensation data from employers. Retrieved fromhttp://eds.b.ebscohost.com.pegleg.park.edu/eds/ebo…