Still, Melody suspects it has something to do with their pay and perks structure. CoopetitionIf you cannot afford it, one option is to befriend your counterpart HR managers from two or three competitors. Then, propose to benchmark on the pay and perks of the top three to five hard-to-replace jobs, if only to simplify the process. The term “coopetition,” a combination of the words “cooperation” and “competition” was credited to Raymond J. Noorda (1924-2006) in the early 1990s. Objective factsStill, Melody balks at the idea of “coopetition” to benchmark the salaries of their competitors.

Source: Manila Times March 29, 2021 16:28 UTC