Web sources, consultants, word of mouth, and formal surveys are all sources of information used to determine
competitive position in compensation. We have all heard the phrase, “I am underpaid.” And, many of us have
heard the response, “If you can get it elsewhere, go for it.” So what market data is most relevant to determine a
competitive position? The competitors?
From your reading and experience, select one source on which you would rely for competitive market data and
why you would choose that source. Provide background data for your peers and contact information. You may
choose to review any of the references in your text or from your research or employer. Present your
recommendation in a short review of 200 words or fewer.

Read Chapter 8, “Designing Pay Levels, Mix, and Pay Structures” in your text, which discusses incorporating
data collection and structure into a method of measuring competitiveness in the market. Do not study every
word in this chapter. Much of the information is a ready reference that may be helpful if you pursue a career as
a compensation analyst. For our purposes, it is important to understand how to interpret the data and apply it to
a practical policy-setting strategy that supports an effective market position for a company’s overall competitive
goals. Creating salary ranges will not only help to manage salaries, but also to maintain equity and
communicate your policy.
Review the United States Office of Personnel Management’s Salary table 2019-GS as another example of a
salary structure in the public sector. Step 1 is the minimum and Step 10 is the maximum in each salary grade.
Optional
Review the Com