Identify your sources of information.
How did you make that determination?
Does one geographic area generally pay more than the other? Explain why you think that might be. (You may need to do additional research on the cost of living in each area.)
Which jobs pay the highest and the lowest? Is this what you expected? What factors might explain the difference in pay rates?
What is the occupational outlook for each occupation in Cleveland and Omaha? (Check multiple sources such as CareerOneStop and the Occupational Outlook Handbook.) How might this affect the differences in pay rates between the two cities?
If you were to make a recommendation to an employer that was deciding where to locate a facility, what would you recommend based on your research? What other factors (outside of compensation) might you consider?
Activity 2-3
After working through this sample Salary Survey Project, consider the following questions:What key components must be included in a comprehensive plan for a salary survey project?
What do the results of a salary survey tell an organization about its compensation practices?
How can organizations use a salary survey to help them achieve their strategic goals?
