Why Benchmarking is needed ?

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Salary Benchmarking Compensation Benchmarking Benchmarking Management HR Management

Question added by AHMED IMRUL KAYES , Senior Consultant , HR Bangladesh Ltd.
Date Posted: 2014/12/31

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1 Answers

by Praveen Varote , HR Operations Manager , Myspace Retail Services

Benchmarking helps the organisation to:

measure performance/best practices/processes, thus improve productivity.
maintain parity within the company.
compare or evaluate their position within the industry /market and thus be competitive.

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