Everything an organization does today should be focused on driving a better experience for the employee. Regarding compensation strategies, it pays to remember that modern workforces are looking for a fair and top dollar as well as non-financial perks and personalized benefits. Knowing the preferred mix can be challenging in the absence of insights derived from employees themselves and competitive analytics. Regarding the former, managers should be comfortable in asking employees outright, and regarding the latter, compensation and benefits (C&B) professionals should use technology to gather baseline pay data and comparative salary information.
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