Compensation benchmarking

It is comparing an organization's compensation practices to those of other organizations in the same industry or geographic location. Compensation benchmarking aims to ensure that an organization's compensation practices are competitive and aligned with industry standards. This involves analyzing salaries, bonuses, benefits, and other forms of compensation to determine how an organization's compensation package compares to others in the same market.

For More Info:

Compensation Philosophy- What You Need To Know And Why


Sign up now to get updated on latest posts and relevant career opportunities