A human resources manager is considering changing her company's vacation policy. Before she makes a proposal to the senior executive team, she researches the vacation policies of other leading companies in her industry. This is an example of
A)benchmarking.
B)demographics.
C)inputs.
D)buffering.
E)smoothing.

Question

Quizplus · Accepted Answer

Benchmarking involves comparing a company's processes and policies to those of other companies in the same industry in order to identify areas for improvement. In this case, the HR manager is researching vacation policies of other leading companies in her industry to determine whether her company's policies are competitive and to gather ideas for potential changes.

A Human Resources Manager Is Considering Changing Her Company's Vacation