How to Choose Positions to Benchmark for Your Organization


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When choosing positions to benchmark, it is important to consider the organization’s size and the unique nature of its workforce. It is generally not feasible from both a timeliness and monetary perspective to benchmark every position within an organization. Instead, it is a good idea to select a group of positions that represents a variety of functional areas and career levels. This allows you to compare your current compensation practices against the best in the industry and make informed decisions about the future of your organization’s talent strategy.

The first step in determining the number of benchmark positions that your organization should have is to identify the types of roles that are most critical to its success. Then, use your internal data to determine the number of individuals in each role, which can be determined by reviewing a list of employee names and job titles or by looking at a chart displaying the number of employees in each type of position in your organization. Ultimately, you want to have at least 10 benchmark roles that represent a cross section of your organization’s workforce.

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