Environmental and Cultural Effects

Competency:

Apply market research and benchmarking techniques to generate solutions.

Scenario

You are the HR manager for the ABC Store responsible for organizational effectiveness and pay equity. Your task is to present the value of market research, benchmarking, and data integrity in relation to compensation and benefits.

Instructions

Write a 1-2 page executive summary on best practices in benchmarking compensation and benefits. In the executive summary, include the following:

  • data collection tools used for benchmarking compensation and benefits (quantitative and qualitative)
  • resources used to identify benchmarking sources and their reliability
  • Explain the importance of data integrity

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