Pay close attention to detail. Business Human Resources Management.
Deliverable 3 – Environmental and Cultural EffectsCompetency:Apply market research and benchmarking techniques to generate solutions.ScenarioYou are the HR manager for the ABC Store responsible for organizational effectiveness and pay equity. Your task is to present the value of market research, benchmarking, and data integrity in relation to compensation and benefits.InstructionsWrite a 1-2 page executive summary on best practices in benchmarking compensation and benefits. In the executive summary, include the following:data collection tools used for benchmarking compensation and benefits (quantitative and qualitative)resources used to identify benchmarking sources and their reliabilityExplain the importance of data integrity