benchmark job

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  • Business and Management


Quick Reference

A job that is used as a guide or reference point in setting remuneration packages for other jobs. To be suitable for this purpose a job should be well known within the industry, have a level of pay that is generally considered fair, and occupy a key point on the job evaluation scale that is being used. Benchmark jobs play a key role in the classification method and factor-comparison method of job evaluation.

Subjects: Business and Management.

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