Which of the following refers to a procedure in which an organization compares its own practices against those of the competition?
A)Delayering
B)Forecasting
C)Offshoring
D)Benchmarking
E)Job evaluation

Question

Quizplus · Accepted Answer

To compete for talent, organizations use benchmarking, a procedure in which an organization compares its own practices against those of the competition. In compensation management, benchmarking against product market and labor market competitors is typically accomplished through the use of one or more pay surveys, which provide information on going rates of pay among competing organizations.

Which of the Following Refers to a Procedure in Which