© Prentice-Hall, Inc., 2001 Chapter Eight Building Market-Competitive Compensation Systems

© Prentice-Hall, Inc., 2001 Table 8-1 Sources of Compensation Survey Information (1 of 3) l Professional Associations »Worldatwork (formerly, the American Compensation Association) publishes the Salary Budget Survey, reported by region and industry. »The Society for Human Resource Management publishes information on salaries in the human resources field. »International Foundation of Employee Benefit Plans

© Prentice-Hall, Inc., 2001 Table 8-1 Sources of Compensation Survey Information (2 of 3) l Industry Associations »Administration Management Society »American Association of University Professors »American Banker’s Association »American Bar Association »American Electronics Association »American Mathematical Society »American Society of Association Executives »Association of General Contractors »National Institute of Business Management »National Restaurant Association »National Retail Federation »National Society of Engineers

© Prentice-Hall, Inc., 2001 Table 8-1 Sources of Compensation Survey Information (3 of 3) l Consulting Firms »Abbott, Langer & Associates »Coopers & Lybrand »Hay Management Consultants »Hewitt Associates »Mercer-Meidinger-Hanson »Robert Half Associates »Towers & Perrin »Watson Wyatt Co.

© Prentice-Hall, Inc., 2001 Figure 8-1 Histogram of Survey Data for Engineers Annual Salary Frequency (no. of incumbents)

© Prentice-Hall, Inc., 2001 Annual Salary ($) 55,000 50,000 45,000 40,000 35,000 30, ,000 Engineer IEngineer IIEngineer III Job Evaluation Points 44,525 38,420 33,536 Annual salary Predicted annual salary 36,000 34,500 33,000 36,000 43,500 45,000 55,000 Market Pay Line Figure 8-2 Regression Analysis Results for the Engineer Survey Data