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| Certification Provider: | WorldatWork |
|---|---|
| Exam Code / Number: | GR17 |
| Exam Name: | Market Pricing - Conducting a Competitive Pay Analysis |
| Exam Questions: | 0 |
| Corresponding Certification: | WorldatWork Other Certification |
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WorldatWork's Global Remuneration Professional (GRP) is a renowned certification program for HR professionals specializing in compensation and benefits management. One of the key components of the GRP curriculum is the Market Pricing - Conducting a Competitive Pay Analysis exam or GR17. GR17 exam is designed to test the knowledge and skills required to perform a thorough and effective market pricing analysis for job roles across different types of organizations and industries.
WorldatWork GR17 certification exam is ideal for professionals who are responsible for managing compensation programs, including compensation analysts, HR managers, and compensation consultants. GR17 exam is also suitable for professionals who want to enhance their knowledge and skills in market pricing analysis and compensation design. By passing the GR17 exam, professionals can demonstrate their expertise to employers and clients, and increase their career opportunities and earning potential.
WorldatWork GR17 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Analysis and Adjustment Techniques | 25% | - Aging, blending, and weighting survey data - Applying premiums and adjustments - Statistical measures: mean, median, percentile, compa-ratio - Regression modeling and market line construction |
| Topic 2: Job Analysis and Documentation | 20% | - Writing accurate job descriptions - Job matching and benchmarking principles - Job analysis methods |
| Topic 3: Salary Survey Data Sources and Selection | 20% | - Types and characteristics of compensation surveys - Evaluating survey quality and relevance - Defining relevant labor markets |
| Topic 4: Foundations of Market Pricing | 20% | - Compensation philosophy and market positioning - Market pricing concepts and business strategy - Market-based vs. job-based pay approaches |
| Topic 5: Application and Communication | 15% | - Reporting and communicating market analysis outcomes - Validating results and internal equity - Designing market-aligned pay structures |