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WorldatWork GR17 exam is focused on market pricing, which is the process of evaluating job positions against similar roles in the market to determine a competitive pay rate. Market pricing is a key aspect of compensation management and is essential for organizations to attract and retain top talent. The GR17 exam covers a range of topics, including market data analysis, job evaluations, pay structures, and legal and regulatory compliance.
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To prepare for the GR17 certification exam, candidates must have a solid understanding of market pricing principles, including job evaluation methodologies, data collection and analysis, and the development of pay structures. They must also be proficient in using industry-standard tools and software to perform market pricing analyses and be able to interpret and communicate the results effectively.
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The WorldatWork GR17 exam covers a range of topics related to market pricing, including the principles of market pricing, job analysis and evaluation, data sources for market pricing, and the use of market data to develop pay structures. GR17 exam also covers the legal and ethical considerations involved in conducting a competitive pay analysis, as well as the best practices for communicating the results of the analysis to stakeholders within the organization.
WorldatWork GR17 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Salary Survey Data Sources and Selection | 20% | - Defining relevant labor markets - Evaluating survey quality and relevance - Types and characteristics of compensation surveys |
| Foundations of Market Pricing | 20% | - Market-based vs. job-based pay approaches - Compensation philosophy and market positioning - Market pricing concepts and business strategy |
| Job Analysis and Documentation | 20% | - Writing accurate job descriptions - Job matching and benchmarking principles - Job analysis methods |
| Application and Communication | 15% | - Reporting and communicating market analysis outcomes - Validating results and internal equity - Designing market-aligned pay structures |
| Data Analysis and Adjustment Techniques | 25% | - Applying premiums and adjustments - Regression modeling and market line construction - Statistical measures: mean, median, percentile, compa-ratio - Aging, blending, and weighting survey data |
