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Frequently asked questions about benchmarking
How do organizations primarily benchmark roles?
46% of organizations benchmark jobs by individual job, ensuring pay reflects the specific scope, responsibilities, skills, and impact of the role.
What percent of organizations have a formal process for determining pay bands for employees?
55% of organizations have a formal process for determining where employees fall in the pay band and how they progress up the pay band.
How does better market data translate into real confidence in your pay strategy?
56% of non-payscale customer organizations are either fairy confident or very confident in their market pricing strategy, which increases to 72% for Payscale customers.
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