The business of employment is ever-changing. The labor market is constantly shifting, workplace laws are always evolving, and business needs are always in a state of flux. Still, some things have remained constant, such as the value of compensation. Compensation plays a significant role in securing qualified candidates, keeping top-performers on board, and helping employers remain competitive in the talent marketplace. However, to achieve these outcomes, you need a well-built compensation plan. In this article, we show you how to develop one.
We cover the following:
What is a compensation plan? The 2 types of compensation 8 Steps to
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