What type of surveys are generally available for purchase that vary in price and scope?

What type of surveys are generally available for purchase that vary in price and scope?

• A. Informal surveys
• B. Published surveys
• C. Custom surveys
• D. Crowdsourced surveys

Answer: (B)

Published surveys are typically available for purchase and provide a wealth of information that can vary significantly in both price and scope. These surveys are usually conducted by reputable organizations and are based on systematic data collection methods. They often cover a wide range of industries and job roles, making them useful for organizations seeking to benchmark their compensation structures against industry standards. Published surveys are beneficial because they aggregate data from numerous employers, allowing for comprehensive insights into market compensation trends. Since these surveys are standardized, they can often be accessed at different price points, depending on the depth of analysis and the breadth of data included. Organizations can choose to purchase either broader surveys that provide a wide overview or more specialized reports focusing on specific sectors or roles. Other types of surveys, such as informal surveys, custom surveys, or crowdsourced surveys, may not be as readily available for purchase on a commercial scale. Informal surveys lack the rigor and validation of published surveys, while custom surveys require tailored designs that are typically commissioned specifically by an organization for their unique needs. Crowdsourced surveys can vary in reliability and may not provide the structured or comprehensive data that published surveys offer.

Published surveys are typically available for purchase and provide a wealth of information that can vary significantly in both price and scope. These surveys are usually conducted by reputable organizations and are based on systematic data collection methods. They often cover a wide range of industries and job roles, making them useful for organizations seeking to benchmark their compensation structures against industry standards.

Published surveys are beneficial because they aggregate data from numerous employers, allowing for comprehensive insights into market compensation trends. Since these surveys are standardized, they can often be accessed at different price points, depending on the depth of analysis and the breadth of data included. Organizations can choose to purchase either broader surveys that provide a wide overview or more specialized reports focusing on specific sectors or roles.

Other types of surveys, such as informal surveys, custom surveys, or crowdsourced surveys, may not be as readily available for purchase on a commercial scale. Informal surveys lack the rigor and validation of published surveys, while custom surveys require tailored designs that are typically commissioned specifically by an organization for their unique needs. Crowdsourced surveys can vary in reliability and may not provide the structured or comprehensive data that published surveys offer.