Salary Benchmarking Guide - Importance, Process, Challenges, and Trends
Empuls
FEBRUARY 29, 2024
Salary benchmarking is when HR compares the organization's pay levels with market rates for similar jobs. According to HRforecast, 63% of organizations utilizing benchmarking practices are more likely to retain and attract top talent. Salary benchmarking ensures that employees are paid fairly for their work.
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