What is 'benchmark job' in SAP PA-CM - Compensation Management?

benchmark job - Overview

• Component: PA-CM

• Component Name: Compensation Management

• Description: A job that serves as a standard by which other jobs can be measured or compared.

benchmark job - Details

• 
  Key Concepts: 
  A benchmark job is a job within the SAP PA-CM Compensation Management component that is used to compare the salaries of other jobs within the same organization. It is used to determine the relative value of each job and to ensure that salaries are fair and equitable. 
  
  How to use it: 
  The benchmark job is used to compare the salaries of other jobs within the same organization. It is important to note that the benchmark job should be chosen carefully, as it will be used as a reference point for all other jobs. The benchmark job should be chosen based on its relevance to the organization and its ability to accurately reflect the value of other jobs. 
  
  Tips & Tricks: 
  When selecting a benchmark job, it is important to consider factors such as the job's complexity, its importance to the organization, and its ability to accurately reflect the value of other jobs. Additionally, it is important to ensure that the benchmark job is regularly updated in order to keep up with changes in the market and in the organization. 
  
  Related Information: 
  For more information on SAP PA-CM Compensation Management, please refer to SAP's official documentation at https://help.sap.com/viewer/product/SAP_PA-CM/latest/en-US.