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Fundamentals of Human Resource Management 6th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart,Patrick Wright
Edition 6ISBN: 978-0077718367Fundamentals of Human Resource Management 6th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart,Patrick Wright
Edition 6ISBN: 978-0077718367 Exercise 28
Gathering Wage Data at the BLS Website
A convenient source of data on hourly wages is the Bureau of Labor Statistics (BLS). This federal agency makes data available at its website on an interactive basis. The data come from the BLS's National Compensation Survey. The user specifies the category of data desired, and the BLS provides tables of data almost instantly. Here's how to use the BLS system.
Visit the Data Tools page of the BLS website (www.bls.gov/data/), and click on the link to Pay and Benefits. Find the options offered for the National Compensation Survey (NCS). The multiscreen search asks you to specify one search category at a time, then click to open the next screen.
After you select Multi-Screen Data Search for NCS, the system presents you with a window in which to select either the entire United States or a single state. Click to highlight your choice and then click on Next Form. If you choose United States, your next choice is a Census region of the country; if you choose a state, the next option is a metropolitan region of the state.
On the next screen, select the occupation you wish to research. The survey data cover hundreds of occupations, grouped into more general categories. For example, at the most specific level, you could look at civil engineers. More broadly, you could look at all engineers, or at the larger grouping of architecture and engineering occupations. You should select the most specific grouping that covers the occupation you want to investigate.
After selecting an occupation, select a work level. This describes the level of such work features as knowledge required and the scope, complexity, and demands of the job. For instance, you could look only at data for entry-level or senior accountants, rather than all accountants. Some occupations, including artists, athletes, and announcers, are not classified by work level.
Click on the Retrieve Data link to submit the request to the BLS. The system immediately processes the request and presents the table (or tables) on your computer screen.
Why might your employer decide to pay the accountant it hires a different amount than the median pay reported for accountants in the BLS database
Source: Bureau of Labor Statistics, "Databases, Tables and Calculators by Subject," http://data.bls.gov, accessed July 1,2014.
A convenient source of data on hourly wages is the Bureau of Labor Statistics (BLS). This federal agency makes data available at its website on an interactive basis. The data come from the BLS's National Compensation Survey. The user specifies the category of data desired, and the BLS provides tables of data almost instantly. Here's how to use the BLS system.
Visit the Data Tools page of the BLS website (www.bls.gov/data/), and click on the link to Pay and Benefits. Find the options offered for the National Compensation Survey (NCS). The multiscreen search asks you to specify one search category at a time, then click to open the next screen.
After you select Multi-Screen Data Search for NCS, the system presents you with a window in which to select either the entire United States or a single state. Click to highlight your choice and then click on Next Form. If you choose United States, your next choice is a Census region of the country; if you choose a state, the next option is a metropolitan region of the state.
On the next screen, select the occupation you wish to research. The survey data cover hundreds of occupations, grouped into more general categories. For example, at the most specific level, you could look at civil engineers. More broadly, you could look at all engineers, or at the larger grouping of architecture and engineering occupations. You should select the most specific grouping that covers the occupation you want to investigate.
After selecting an occupation, select a work level. This describes the level of such work features as knowledge required and the scope, complexity, and demands of the job. For instance, you could look only at data for entry-level or senior accountants, rather than all accountants. Some occupations, including artists, athletes, and announcers, are not classified by work level.
Click on the Retrieve Data link to submit the request to the BLS. The system immediately processes the request and presents the table (or tables) on your computer screen.
Why might your employer decide to pay the accountant it hires a different amount than the median pay reported for accountants in the BLS database
Source: Bureau of Labor Statistics, "Databases, Tables and Calculators by Subject," http://data.bls.gov, accessed July 1,2014.
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Fundamentals of Human Resource Management 6th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart,Patrick Wright
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