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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Foundations of Market Pricing | 20% | - Role in total rewards strategy - Defining competitive pay philosophy - Legal and ethical considerations - Identifying relevant labor markets and competitors |
| Topic 2: Market Data Sources and Quality | 20% | - Types of compensation surveys and data providers - Understanding survey methodology and definitions - Evaluating data reliability and relevance |
| Topic 3: Developing Market-Based Pay Structures | 15% | - Setting salary ranges and differentials - Calculating market rates and midpoints - Documenting and communicating results - Aligning internal equity with external competitiveness |
| Topic 4: Data Analysis and Adjustment | 25% | - Measures of central tendency and dispersion - Aging/trending data to current market rates - Weighting and blending multiple data sources - Identifying and handling outliers/anomalies |
| Topic 5: Job Analysis and Benchmarking | 20% | - Job documentation and evaluation - Handling job complexity and differences - Matching internal jobs to external survey roles |
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