Business Finance Homework Help

I need an explanation for this Management question to help me study.

According to our text, “A compensation survey is a tool used to determine the typical incentives that are provided to employees across a specific job, industry, geographic regions, etc. Data is collected from multiple employers and is analyzed to develop an understanding of the overall amount of compensation paid.” (Weathington, 2016, section 5.3, para. 1). 

Heading 1: Create a compensation survey for the job description you created in “Job Description Exercise”

Heading 2: What did you learn about the salary range, competitive market, skills, experience, and occupational field?