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The key steps for collecting and analyzing your data include designing your survey instrument or questionnaire, selecting a sample or population that represents the scope and coverage of your survey, administering the survey or collecting the data ethically and legally, cleaning and organizing the data to eliminate ...

How to Establish Salary Ranges Step 1: Determine the Organization's Compensation Philosophy. ... Step 2: Conduct a Job Analysis. ... Step 3: Group into Job Families. ... Step 4: Rank Positions Using a Job Evaluation Method. ... Step 5: Conduct Market Research. ... Step 6: Create Job Grades. ... Step 7: Create a Salary Range Based on Research.

The best salary research sites are Glassdoor, SalaryExpert, Salary.com, Indeed, and the Bureau of Labor Statistics (BLS).

The formula to get the salary range in absolute terms or as a percentage is salary grade maximum - salary grade minimum/salary grade minimum X 100.

What does a compa-ratio of 0.75 mean? A compa-ratio of 0.75 means an employee earns 25% less than the market average. Employees in this compensation range are more likely to leave your organization.

The proper format is to write "Salary Range," followed by a colon. He should enter the low end of his range -- for instance, $30,000 -- followed by the high-end of his range -- for instance, $35,000. The line should read something like, "Salary Range: $30,000 to $35,000."

4 - 9 years, or 48 - 108 months, tenure in title. Midpoint: The midpoint usually represents the market rate for a position, and a fully experienced employee might be paid at this level. Third Quartile: The third quartile is typically reserved for experienced employees who frequently exceed expectations.