HR Benchmark & Survey is a method of benchmarking in order to evaluate your position in the work market relative to 3 main areas:
- Processes, procedures, methods, and activities of HRD.
- Benefits and employment value proposition
- Pay, bonus and incentive schemes.
The surveyors gather data on both the actual processes and procedures that are being followed and also those that are specified and prescribed in manuals, handbooks, rules and regulations, and guidelines. It assists you in assessing your HR function and determines the level of consistency of procedures in actual practice throughout the organization.
The output of such study includes full documentation on salary scale, market positioning and level of attractiveness of the Organization in terms of choice for potential candidates. This will help Organization to work on their employment value propositions allowing them to be ranked high in regard to their retention rate.