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6 Steps for Creating a Fair & Equitable Compensation Plan
The ability to attract and retain employees who are truly excellent is critical to your organization’s success. With the competitive market for talent plus a lack of visibility into fair market rates, it can be challenging to budget for new positions and respond to pay inquiries from your existing team. Developing a formal compensation system to standardize pay decisions will not only protect you as an employer, but also elevate you to one of the best in your industry.