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What does an organization need to thrive in a highly competitive world? A strong workforce! A team of skilled professionals can build a business’s market position.
And the secret sauce behind acquiring and retaining the right talent is equitable salaries. When employees are paid fairly, they feel valued. It fosters loyalty and encourages them to contribute better to the company’s overall growth, resulting in enhanced productivity.
Research from Payscale claims that 50% of employees will switch jobs if they feel underpaid.
So, how do you make sure your employees get what they deserve and are not underpaid/overpaid? Compensation