Create a
Free Account

 

 ✓  Enjoy platform access

 ✓  Create your HR roadmap

 ✓  View open content in library

 ✓  Access dozens of practices:

        ⤷  The HR Strategy program

        ⤷  Explainers and deep dives

        ⤷  Supplemental guides

        ⤷  Insight articles

        ⤷  Weekly best practices

        ⤷  And more!

 

 CREATE FREE ACCOUNT 

100% Free. No credit card required.

Benchmarking to Compare with External (Professional, Industry, Regional) Standards.

Top creators

Wowledge Expert Team
Principal level
511 Wows earned

How it works

Context is provided by comparing data from one company to that of similar companies. Questions and comments like "How much better or worse are we doing than our competitors?", and "This doesn’t look so bad", or "What is doing on this?" are commonplace when reviewing data with managers that may contradict their perception or desired positioning.  Benchmarking provides a relative view of the data and is accomplished through a few key steps.

looks_oneIdentify industry groups for logical comparisons

Discussions with leadership as well as experience can yield desired comparator groups which include:

  • Same/similar industry
  • Company size (either revenue or number of employees)
  • Geographic region (e.g., US vs. EU vs Asia-Pacific, etc.)

looks_twoLocate the best benchmarking studies for the company

...

Access full document

Become a member

Enjoy access to scalable practices, step-by-step guides, and tools to build strategic HR programs.

      Get started for FREE