∙ “Organizations’ Pay Decisions Narrowly Focused On Benchmarks“

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”Many organizations’ pay decisions may be misguided or unbalanced as they spend too much time focused on external comparisons and not enough time looking internally to measure and assess the actual workforce and business impact of their total reward practices. ”… most compensation professionals use techniques such as benchmarking among internal and external peer groups (95% and 90%, respectively) and ongoing reporting (87%) to make pay decisions in their organizations. Using more sophisticated analytical techniques such as projections, simulations and predictive modeling are significantly lower at 80%, 64% and 43%, respectively.” Source: Mercer.com

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