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A Guide to Compensation Analysis

Analytics in HR

As an example, Slack traditionally compensated employees based on localized benchmarks in their New York and San Francisco offices. A compensation analysis is a vital component of an organization’s talent management strategy , as it helps attract and retain the best employees on the market. The result will be a percentage.

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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.