Benchmarking

Thomas Gruhle ()

A chapter in Dos and Don’ts in Human Resources Management, 2015, pp 113-116 from Springer

Abstract: Abstract Do Spend Some Time on Defining Your Peer Group. Differentiate by Location. Differentiate by Industry. Differentiate by Function and Job Size. Do Not Stop at Cash Compensation. Do Benchmarking Regularly and Consistently. Don’t Exchange Salary Data Directly with Competitors. Don’t Use Cheap Data. Do Challenge Your Survey Provider(s). Do Benchmarking Internally as Well. Don’t Be Afraid if Pay Is Below the Market

Keywords: Benefit Package; Salary Level; Peer Group; Cash Compensation; Survey Provider (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-662-43553-3_36

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