What is Benchmarking?

‘Benchmarking’ is the concept of measuring something against a set of standard metrics to set a base score. Benchmarks can be used in multiple ways to monitor a company’s performance both internally and with respect to the competition.

There are multiple kinds of benchmarking systems available for a variety of purposes. For example, one could set a base rate for a product, based on which a company can increase or decrease its price as per the market conditions.

Similarly, when it comes to HR, benchmarking can be used to set a base employee satisfaction index for the company, which can be used to measure against the current index to take corrective measures.

Absence

What is Absence? ‘Absence’ is merely the absence of an employee from his or her workplace. Absence can be divided into ‘Approved Absence’ and

HR Department

What is HR Department ? ‘HR Department’ refers to the section in a company that is concerned with the welfare of the employees of the

Benchmarking