Published by MBA Skool Team, Last Updated: December 29, 2013
What is Benchmark Job?
A benchmark job may be defined as a job that can be used to anchor the employee’s pay scale and around which other jobs are arrange in the order of their relative worth. Job evaluation can be used to find out the relative worth of each job. These are mostly the common and defined jobs for which all data related to pay-scales and other specifications are mentioned and readily available.
These jobs also remain consistent across different organizations. They normally have the same set of responsibilities from one organization to other. Data about these jobs are readily available as many people work in these jobs across different organizations. Data about these benchmark jobs are extremely important for conducting the salary surveys. These data can be used by organizations to compare the wages that this organization is offering to its employees and whether they are fair in their wages. These data can also be used for job analysis purpose so that workplaces may be reorganized to increase productivity and efficiency of the organization. Data about benchmark jobs can also be found from public surveys.
Some of the examples of benchmark jobs include security, secretarial, accounting that may be easily found and data are readily available. Non-benchmark jobs are on the other hand those jobs that are unique to an organization and the salary grades for these jobs are decided by comparing them with the related benchmark jobs.
Hence, this concludes the definition of Benchmark Job along with its overview.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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