article thumbnail

Why Your Organization Should Use Salary Benchmarking

Harvard Business

A key solution lies in salary benchmarking — using aggregated market data to establish competitive pay rates. payroll processing company revealed that access to robust benchmarking tools doubled the probability of firms setting the “right” salary. Recent research in collaboration with a leading U.S.

article thumbnail

Effective Governance: Overcoming Bias and Inertia

Tom Spencer

Effective governance serves as the bedrock for organizations, providing a framework for sound decision-making, personal accountability, and strategic direction. In today’s rapidly evolving business landscape, where disruption and uncertainty are the norm, robust governance structures have never been more important.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Big Picture of Strategic Pricing™ for Government Contracts

Granite Leadership Strategies

Government contracts are a unique marketplace. If a Government contractor wants to turn their bid into a winning reality, they need to employ a strategic pricing approach. Without that as a benchmark, you are just shooting from the hip. Pricing preparation is unlike any other market. What is a strategic pricing approach?

article thumbnail

Walking the Walk & Talking the Talk of Equity Benchmarking

UPD Consulting

Analyzing equity benchmarks across a wide range of topics (i.e., The wealth of open data has placed public sector organizations in an excellent position to sponsor and coordinate more intensive, wide ranging equity benchmarking and indexing activities.

article thumbnail

The Chimera of Consulting: Government and Public Sector Advising

Tom Spencer

Discussion on management consultancy often reduces the clientele of strategy firms to multinational corporations. In contrast, governments and charities mostly measure their success in terms of social outcomes. Benchmarking creates additional complexity for public sector consulting, which private firms do not need to face.

article thumbnail

Role of US Business Consultants for Foreign Companies

Business Consulting Agency

Market Analysis and Competitive Intelligence US business consultants conduct in-depth market analysis, competitive intelligence, and benchmarking studies to identify market opportunities, competitive threats, industry trends, and consumer preferences.

Company 52
article thumbnail

Inflation: Understanding its Impact on the Economy

Tom Spencer

For example, the Federal Reserve aims to achieve 2% inflation as an ideal benchmark to avoid its counterpart, deflation. This can potentially lead borrowers, including businesses and governments, to experience financial distress and bankruptcy, causing them to cut back on investment spending.

Policies 147