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Sagot :
Benchmark jobs type of jobs provides reference points to judge against other jobs within a company.
A benchmark job has a set of responsibilities that are uniform across organizations and for which data from reliable and credible salary surveys is available.
To choose a benchmark job, data acquired from pertinent wage surveys are used to establish the median compensation rate for the position. The position is "slotted" into the compensation grade using the grade midpoint that is the closest to the median income reported in the surveys.
A job that is common in many different industries is referred to be a salary benchmark job. Accountant, for instance, is a benchmark position. The job title may be Bookkeeper or Financial Planner depending on the company.
However, if these positions have identical job descriptions, they would all fall under the benchmark job of Accountant.
To learn more about Benchmark here
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