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How to Benchmark External Competitiveness
During our session, the presenters shared benchmarking and market pricing best
practices
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WEBINAR
PLUNKETT PAY EQUITY FRAMEWORK SERIES – HOW TO BENCHMARK EXTERNAL COMPETITIVENESS
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PAY EQUITY AND EXTERNAL COMPETITIVENESS
With today’s tight labor market holding steady and pay transparency increasing,
it’s more important than ever to ensure your organization’s pay is competitive.
That means looking to see how your company’s compensation compares to
compensation in the market for specific jobs.
Known as benchmarking, its accuracy depends on the work you’ve done so far in
describing jobs and the quality of the data that's available to compare those
jobs to. Doing it right will give you an accurate assessment of where your
organization's pay is compared to your competitors.
During our session, presenters, Amy Sica, Senior Compensation Data Consultant
and Eric McMillan, Senior Compensation Consultant, shared benchmarking and
market pricing best practices.
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