A company compares its salaries with those offered by similar employers to remain competitive. Which HR practice is it using?
Correct answer: A. External pay benchmarking
- A. External pay benchmarking
- B. Internal job rotation
- C. Behavioural counselling
- D. Succession mapping
Explanation
External pay benchmarking compares an organisation's compensation with market rates paid by comparable employers. It helps attract and retain employees, while internal job rotation concerns movement among jobs within the organisation.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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