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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

Organizations must regularly benchmark their compensation packages against industry standards to remain attractive to potential employees. Key Considerations Competitive Salary Structures: Ensuring that salary structures are competitive is crucial for talent acquisition and retention.

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The Average B2B Lead Conversion Rates: B2B Benchmarks for 2023

Lusha

When starting a project, attacking a new marketing channel, planning a campaign, or even just checking you’re still on the right track, you need to be aware of some key B2B benchmarks for your industry. Benchmarks: B2B conversion rate by industry, website page, marketing channel, and device B2B Industry Rate Higher education 1.4%

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You Asked, We Answered: Top Questions About Pay Transparency

MP Wired For HR

Start by conducting a comprehensive market analysis to understand current salary benchmarks and industry standards. If your company’s salary ranges or compensation practices are outdated or misguided, there are several steps you can take to realign them with current best practices.

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How to Motivate Distributors

The Incentive Solutions News blog

For in-depth details on reward program key performance indicators (KPIs) and proving the program’s success, check out our free ebook, The No-Bullsh*t Guide to a High ROI Loyalty Program for Distributors. The most valuable tools you can have when determining exactly how to motivate dealers and distributors: data and direct feedback.

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Small Business Guide to Comp Benchmarking

Download this eBook and learn: How to choose a compensation strategy. To compete in today’s market, you must know what the market pays for certain skills so you can develop fair and competitive offers. Understanding the market, then determining guidelines for pay isn’t just a nice to have for today’s talent, it’s a must have.

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How to Hire Executives

Namely

As you would with any position, leverage compensation benchmarking tools. Learn more about how to identify future leaders by reading our eBook, The 7 Biggest Mistakes to Avoid When Giving Promotions. While it might be tempting to simply ask what the executive currently earns, doing so runs afoul of state equal pay laws.

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Unlocking Success: The Power of Pay Transparency 

MP Wired For HR

Organizations should provide clear explanations of how pay decisions are made, including factors like experience, skills, performance, and market benchmarks. Misinterpretation and Discontent Without proper context, employees may misinterpret salary data, leading to frustration or resentment.