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BrightFutures Tech, a rapidly growing software company, is reviewing its rewards strategy to stay competitive in the tech industry. The HR team, led by Olivia,
BrightFutures Tech, a rapidly growing software company, is reviewing its rewards strategy to stay competitive in the tech industry. The HR team, led by Olivia, benchmarks their rewards against similar companies in the market. They want to ensure that their compensation, benefits, and other rewards are attractive enough to retain and attract top talent. What is the most appropriate approach for Olivia and her team at BrightFutures Tech to benchmark their rewards strategy effectively? a. Compare their rewards with companies of a similar size and market presence in the tech industry to ensure relevance when benchmarking, b.Focus exclusively on benchmarking against top-tier tech companies, regardless of size differences, to aim for the highest industry standards, c. Benchmark against a broad range of industries, not just tech, to get a diverse perspective on rewards strategies., or d. Limit the benchmarking to local companies in the same geographical area to simplify the comparison process
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