The Society for Human Resource Management discovered that compensation and pay is the second-most contributor to job satisfaction. This means that company compensation packages, benefits and all, matter more than ever.

But it’s not just about providing an average package anymore. Employees are increasingly looking for fair compensation. For companies to remain competitive, they will need to dig deep into their compensation strategy to figure out if they are hitting the mark.

Still, many employers are wondering what fair compensation is and how to improve their packages. The good news is, it isn’t as complicated as it appears.

What is

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