What will salary benchmarking uncover?

Sam in CIPD People Management
Numbers Benchmarking Pay Data

The benefits of benchmarking are clear but the process and interpretation can be tricky.  Pay frameworks are a necessity to help apply the data, but the variety of different reward models and introduction of discretion means these too have to be carefully designed and managed.  

Sam talks of how pay benchmarking data should be broadly sourced, and broadly applied, and used as an indication of pay ranges and not the answer.  

Read the full article.

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Photo courtesy of Janet Ramsden.