Higher pay, fair pay, equitable pay, and pay transparency are increasingly expected by talent. In a volatile market where salary information can be found with a search engine, traditional models for compensation management aren’t satisfying employees or setting businesses up for success.
Compensation strategy is a mix of how your organization competes when it comes to attracting, retaining, and engaging employees and managing the costs associated with human capital that fuel growth. Using a compensation maturity model as a progressive rubric or ladder can help your organization understand where it currently stands and where it must get to.
Why compensation strategy is so critical right now
What is the Compensation Maturity Model and why you need one
How to apply the Compensation Maturity Model at your organization
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