TrustED Development Blogs
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How to Use Job Benchmarking in the Hiring Process
Job benchmarking is the process of evaluating and comparing jobs within an organization—including roles, responsibilities, qualifications, skillsets, duties, etc.—to determine appropriate salaries and benefits for each position. This process helps to ensure that employees are compensated fairly based on their level of experience and responsibilities. In addition to providing competitive salaries, job benchmarking also helps organizations avoid underpaying employees due to outdated compensation structures or misalignment in departmental budgets.
Job Benchmarking
Job benchmarking is a crucial tool for defining the soft skills, behaviors, and motivators ideal for a job role. At Moser Learning and Development, we partner with TTI Success Insights to bring you researched-backed assessments for the best results. The job benchmark process we use is designed to focus on everything the resume may not. During phone screens and interviews, companies are typically focused on a candidate’s technical skills, previous job experience, projects, or education. Of course, those are all important pieces to take into account during the hiring process. However, it’s often, the soft skills, behaviors, and motivators that lead to an employee’s fulfillment and success in their job role. Which in turn, contributes to the company’s overall success!