What is salary benchmarking Salary benchmarking is a tool to identify the market value of talent in a scientific way. Companies use it to determine their relative positioning in terms of compensation and benefits in the market. It is a process that tells you where your organization stands in terms of compensation and benefits in… Continue reading Salary Benchmarking – Why a ‘One-size-fits-all’ Approach Does Not Work
Understanding Salary Benchmarking Salary Benchmarking is a detailed comparative remuneration process – more extensive, more relevant and more detailed than a traditional salary survey. The art of benchmarking is to give you a complete comparative breakdown of the whole compensation package in relation to specific roles – because the basic salary never tells you the… Continue reading The Basics Of Salary Benchmarking And 5 Ways In Which It Can Be Used To Create More Value
Basics of Decision Making Most of us will recall from our school and college days – the most complex mathematical equations to solve are the ones where a minor error in an input value will lead to a solution that is away from the right answer by an order of magnitude. Do we continue to… Continue reading Making A Strategic, Operational, or Human Resources Decision? Framework & Information are Both Important.
Capacity Expansion Decisions are Hard Decisions. Most companies, especially in the manufacturing industries struggle when they are faced with these situations that require significant amounts of investment in capital and leadership bandwidth. And unsurprisingly so, because the frequency of facing such situations is much lower as compared to productivity or efficiency improvement in existing capacity.… Continue reading 5 Things To Consider Before Making Capacity Expansion Decisions