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Does Salary Benchmarking Hurt Workers’ Pay?

The Horizons Tracker

In many ways, this is not new, however, with bigger firms often using aggregated data to get a sense of the going rate for talent in a practice known as salary benchmarking. A recent study from Berkeley Haas explores the impact salary benchmarking has on workers. This corresponds to a fall of around 25%.

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Benchmarking and horizon scanning: A manager’s guide

Chartered Management Institute

Listicle: Benchmarking and horizon scanning: A manager’s guide Written by Mark Rowland Share Share to Twitter Share to Facebook Share to LinkedIn Share via email Frazer Lowrie CMgr shares his views on the top tools for internal and external benchmarking Benchmarking is a big part of Frazer Lowrie ’s working life.

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6 Ways To Avoid Bias In Product Management

Strategy Driven

Product management involves processes that guide a product’s lifecycle, from planning and development to launching and beyond. Therefore, as a product manager, you must handle product management based on facts and objectively to be successful. Follow benchmarks and standards. Involve others in processes.

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Management Tools For Leaders: Red Ocean/Blue Ocean Strategy

Rich Gee Group

They present analytical frameworks and tools to foster an organization's ability to systematically create and capture "blue oceans"—unexplored new market areas. Clients: You set the customer service benchmarks in your industry — develop comfortable relationships with clients. History: Red Ocean/Blue Ocean is a strategy developed by W.

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2020 Database Strategies and Contact Acquisition Survey Report

47% of marketers said they have a database management strategy in place, but there is room for significant improvement. Marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. New tactics to acquire data to reach marketing goals.

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New Research Explores How To Improve Fund Manager Selection

The Horizons Tracker

Many investment decisions are made using historic data, so that fund managers are backed based upon strong past performances rather than potential future performances. Research from the Samuel Curtis Johnson Graduate School of Management suggests this is a major problem. And two, does this add value? And two, does this add value?”

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Why Your Organization Should Use Salary Benchmarking

Harvard Business Review

A key solution lies in salary benchmarking — using aggregated market data to establish competitive pay rates. payroll processing company revealed that access to robust benchmarking tools doubled the probability of firms setting the “right” salary. That means employers must find new ways to determine appropriate compensation.