To ensure its compensation costs were kept in line with industry and regional norms a US Trades Company benchmarked its salaries against others in the same industry and region. The company used the data to determine its merit increases budget, evaluated its performance review process and educated managers on how it was linked to compensation.…

BPIR Categories

9.5.4 Develop & manage base & variable compensation
14.2.4 Conduct best practice/ process benchmarking

Unlock this article and 10,000+ more

To get the most out of our extensive resources, please login or become a member below.

OR
X
X