Benchmark Job

What is Benchmark Job?

 

A ‘Benchmark Job’ is the kind of job for which the salary, as well as other benefits, remain consistent throughout the industry. Hence, this position can be used as a threshold against which other jobs can be benchmarked.

 

A benchmark job can be useful for both the employers as well as the employees. The employers can make sure that the employee is given adequate responsibilities matching the job title, while also making sure that they are compensated adequately.

 

On the other hand, the employees will be able to negotiate better salaries in case they are not being paid at par with the benchmark job. This makes sure that both the employees and employers are satisfied.

More HR Terms

Five Factor Model (FFM)

What is Five Factor Model (FFM) ?    The ‘Five Factor Model’ is a model based on the ‘Big Five Personality traits’, which are:  

Mediation Services

What is Mediation Services? ‘Mediation Services’ act as mediators in case of disputes between employers and their employees. They are the first point of mediation

Catfish Effect

What is Catfish Effect ?    The ‘Catfish Effect’ is the effect that motivates weaker members of a group to fight in the face of

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’