Benchmarking salaries
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I am looking for some information on how to benchmark positions. I'm having trouble finding examples online of the step by step process.
For example, how to benchmark the salary for a receptionist. Are there any examples out there which include how to age the data, etc?
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Solution Summary
A short discussion on the outline of benchmarking salaries. It includes criteria for the company to consider and problems that may occur.
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Benchmarking salaries have three or four different components. The first is the value of the position within the company. this includes the ability and requirements of the position and the ease of finding people to replace someone. The second is the external value, what the market is paying for the same type of position. Also, the cost of turnovers, replacing the position is another concern. ...
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