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.

Workplace Health Surveillance

What is Workplace Health Surveillance ? ‘Workplace Health Surveillance’ is the practice of finding out the factors that lead to injuries and diseases in the

Pink Slip Meaning

‘Pink Slip’ – few words carry as much weight as this dreaded term in the workplace. For working professionals, the term comes down as the

Benchmarking