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Do you know why you pay your employees what you do? Just as important, do your employees know why you pay them what you do? And do they know what they can do to earn more? Compensation management has always been a challenging issue for employers. Some might even call it “uncomfortable.” But today, during the COVID-driven “Great Resignation” in which more than 50 million Americans have already voluntarily left their jobs, being able to quantify and justify your company’s pay scales is not only beneficial— it can also be key to your business’s very survival.
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