In order to make sure that the pay they give their executives is similar to that of similar companies, Robix can use competitive benchmarking.

Question

Quizplus · Accepted Answer

Competitive benchmarking involves comparing the pay practices of one company with other companies in its industry in order to ensure that their compensation is competitive and in line with industry standards. This can be useful for Robix to determine whether their executive pay is fair and competitive with other companies in the same industry.

In Order to Make Sure That the Pay They Give