Question

Athen tech., a software company, changed its pay structure from 3,000 job titles and 12 pay grades to a simpler structure with 1,000 jobs and 5 pay grades. the managers were then asked to choose pay levels that were based on the market. this is an example of _____.

Answer 1

The answer would be benchmarking. This means that a certain company is equating one's industry developments and performance metrics to commerce bests and best practices from other businesses. In project management benchmarking can also upkeep the assortment, preparation and distribution of projects.