This resource outlines 11 key steps for developing an effective compensation package, from aligning with strategic goals to reviewing and adjusting plans in response to changing business needs.
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How to Develop a Compensation Package
- Creating fair and competitive compensation packages
- Aligning pay with organizational strategy and goals
- Balancing short- and long-term incentives
- Addressing business challenges through flexible rewards
- Supporting employee engagement and retention through well-structured pay
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