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8 Common Compensation Issues and How To Fix Them | ClearCompany

ClearCompany HRM

Companies that increased, or are working on increasing, pay transparency are 18% more likely to say they are “highly effective” at recruiting than those that have not. Luckily, you can overcome these challenges in compensation management with the right approach. The Solution: Consistency and Insight Make benchmarking a regular habit.

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What is Compensation Management?

HRsoft

Importance Of Compensation Management Compensation management is important because it connects employees’ efforts with the greater goals of an organization. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.