Determining External Competitiveness
To determine external competitiveness, we recommend you either:
1. Conduct an informal salary survey of companies in your area. This approach can be helpful, particularly if you are dealing with common jobs that most companies have.
2. Purchase a compensation survey. Prime sources for surveys are your local Chambers of Commerce and Industry Associations.
Formal surveys are expensive and you may want to check with the HR Hot Line before taking any action.