Actual Wage Factors
U.S. Department of Labor regulations require employers to document how they determine the actual wage for the position that is the subject of the LCA. With your feedback on the following list of factors that employers often consider in determining employee's salaries we will assist you in preparing a memo summarizing your organization's actual wage system. Please rank the following factors in order of their importance in determining compensation rates at your organization. Add any factors to the list that your organization considers that are not already included. Do not rank factors that your organization does not consider. Please rank the most important factor as "1" and proceed from there.
___ education, including degree level and degree field or discipline
___ caliber and/or reputation of school attended
___ grade point average of the candidate
___ experience, including length of experience and type of experience
___ specialized knowledge
___ knowledge of particular technologies
___ demonstrated expertise
___ on the job performance
___ job responsibility and function
___ other legitimate business factors, including market factors
___ other:_______________________
___ other:_______________________