WorldatWork C17 - Market Pricing - Conducting a Competitive Pay Analysis
Updated: Jul 22, 2026
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Updated: Jul 22, 2026
Q & A: 0 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Job Analysis and Benchmarking | 20% | - Handling job complexity and differences - Matching internal jobs to external survey roles - Job documentation and evaluation |
| Data Analysis and Adjustment | 25% | - Weighting and blending multiple data sources - Identifying and handling outliers/anomalies - Measures of central tendency and dispersion - Aging/trending data to current market rates |
| Foundations of Market Pricing | 20% | - Role in total rewards strategy - Identifying relevant labor markets and competitors - Defining competitive pay philosophy - Legal and ethical considerations |
| Market Data Sources and Quality | 20% | - Types of compensation surveys and data providers - Evaluating data reliability and relevance - Understanding survey methodology and definitions |
| Developing Market-Based Pay Structures | 15% | - Calculating market rates and midpoints - Documenting and communicating results - Setting salary ranges and differentials - Aligning internal equity with external competitiveness |
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