Benchmarking Definition and Explanation PDF Download
Learn Benchmarking definition in hrm with explanation to study “What is Benchmarking”. Study benchmarking explanation with HRM terms to review HRM course for online MBA programs.
Benchmarking Definition:
Comparing specific measures of performance against data on those measures in other organizations.
Human Resource Management by Robert L. Mathis, John H. Jackson
Benchmarking Explanation:
Benchmarking includes searching externally (outside a specific business, association, industry, district or nation) to look at how others accomplish their exhibition levels, and to comprehend the procedures they use. Along these lines, benchmarking clarifies the procedures behind magnificent execution. At the point when exercises gained from a benchmarking activity are connected suitably, they encourage improved execution in basic capacities inside an association or in key zones of the business. Benchmarking ought not be viewed as an irregular exercise. To be successful, it must turn into a basic piece of a progressing improvement process, the objective being to side by side of consistently improving best practice.
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