Question

A human resources manager is considering changing her company's vacation policy. Before she makes a proposal to the senior executive team, she researches the vacation policies of other leading companies in her industry. This is an example of _____.

Answer 1

Answer: Benchmarking

Explanation: what she has done by research other industry's policies on vacation is known as benchmarking. This is a process of measuring the performance of a firm's products, services, policies or processes against those of another business that is perceived to be the best in the industry. Its purpose is to help organizations adopt best practices and also to identify internal opportunities that could be improved upon.

Answer 2

Answer:

Benchmarking

Explanation:

Benchmarking is a process of measuring the performance of a company’s products, services, or processes against those of another business considered to be the best in the industry, The point of benchmarking is to identify areas of opportunities for improvement. When you study companies with superior performance, breaking down what makes such superior performance possible, and then comparing those processes to how your business operates, you can effect a change that will yield the much needed improvements. In the case of the human resources manager as she researches vacation policies of other leading companies in her industrynshe is trying to come ip with the best policy to use, this is an act of benchmarking.