Exam Name: Market Pricing - Conducting a Competitive Pay Analysis
Certification Provider: WorldatWork
Corresponding Certification: WorldatWork Other Certification
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WorldatWork C17 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Analysis and Adjustment | 25% | - Aging/trending data to current market rates - Measures of central tendency and dispersion - Identifying and handling outliers/anomalies - Weighting and blending multiple data sources |
| Topic 2: Market Data Sources and Quality | 20% | - Evaluating data reliability and relevance - Understanding survey methodology and definitions - Types of compensation surveys and data providers |
| Topic 3: Foundations of Market Pricing | 20% | - Legal and ethical considerations - Identifying relevant labor markets and competitors - Defining competitive pay philosophy - Role in total rewards strategy |
| Topic 4: Developing Market-Based Pay Structures | 15% | - Aligning internal equity with external competitiveness - Calculating market rates and midpoints - Documenting and communicating results - Setting salary ranges and differentials |
| Topic 5: Job Analysis and Benchmarking | 20% | - Handling job complexity and differences - Matching internal jobs to external survey roles - Job documentation and evaluation |
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