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Has employee engagement, morale, and retention improved? It’s focused on knowledge creation, knowledge retention, and knowledge transfer. This trend is expected to expand, with the percentage doubling by 2027. Were skills gaps addressed to improve employee performance? Are business processes more efficient?
The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. To avoid getting outdated, inaccurate data, and information from a hodgepodge of misaligned companies, she recommended against using: Free benchmark data off the internet. Legacy survey providers. Unvetted platforms.
Since 2015, job skill sets have changed by approximately 25% , and this number is predicted to double by 2027. This, in turn, supports growth, engagement, and retention. Use standardized criteria, clear benchmarks, and objective evaluation methods to ensure fair, accurate assessments.
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