Final answer:
The correct answer is C. Benchmarking.
Step-by-step explanation:
The correct answer to the question is C. Benchmarking.
Benchmarking is the process of comparing an organization's practices and performance metrics to those of industry leaders or best-in-class companies. In the context of salary data, benchmarking involves comparing the salaries of employees within an organization to market norms or industry standards. It helps organizations ensure that their salary levels remain competitive.
For example, if a company wants to attract and retain top talent, it may conduct benchmarking studies to determine how its salary levels compare to competitors in the industry. If the company's salaries are lower than the market average, it may decide to adjust them upward to stay competitive.