Benchmarking in Hiring: What is it and Why is it Important?

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Hiring the right candidate for a job is critical to the success of any organization. However, the process of identifying the right fit can be difficult, time-consuming, and prone to human bias. One way to streamline the process and reduce costs is through job profiling, or benchmarking. In this article, we’ll explore what benchmarking is, why it’s useful, and how McQuaig can help organizations define the ideal characteristics required for a specific role.

What is Benchmarking?

Benchmarking is the process of creating a standard for measuring performance in a specific role within an organization. It is essential in the

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