Which department typically leads the compensation benchmarking process?
- Finance
- Human Resources
- Marketing
- Operations
The Human Resources department typically leads the compensation benchmarking process. HR professionals use benchmarking to analyze and determine competitive salary ranges, ensuring the organization attracts and retains top talent.
Loading...
Related Quiz
- What is the basic component of salary structuring in most organizations?
- Which interview technique involves asking candidates about their previous work experience?
- If a grievance is raised against a senior manager, what steps should be taken to ensure impartiality?
- How can behavioral changes in the workplace indicate the effectiveness of a training program?
- How should a company respond when an employee's actions outside of work contradict its ethical standards?