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Compensation is your biggest expense and is increasingly complicated in today’s business climate. With a low unemployment rate and high inflation, it’s now more important than ever to get compensation correct in order to retain your current employees, as well as make your recruiting, hiring and promoting efforts more focused and easier to execute. The best way to get a temperature of your current compensation and stay on top of this ever-changing environment is to analyze your current compensation practices and develop a solid salary structure.
Having a solid salary structure can also make it easier to manage your
