The Anatomy of Modern Compensation
In this whitepaper, we lay out the anatomy of modern compensation — the heart, head, guts, and face of this critical process — and what sorts of changes organizations need to be making to remain competitive when it comes to managing sustainable fair pay for the workforce.
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Advances in technology and new methods for collecting and validating salary data have changed the compensation industry and introduced more agile processes for compensation planning and pay increases. In addition, shifts in the public consciousness and new legislation around pay equity and pay transparency have elevated the importance of compensation as a central pillar of talent management and business strategy.