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Markets are in a continuous state of fluctuation in response to local, national, and global situations. Compensation Market Studies should be regularly conducted specifically for the organization to ensure the best competitiveness and comparability.
In today's competitive and diverse labor market, a sustainable, agile, and value added compensation structure can make the difference in attract and retention strategies. Organizations are consistently finding themselves exploring new compensation mechanisms to compete for talent.
Equitable pay can not only boost employee engagement and retention, but can assist an organization in its defense concerning compliance and discrimination allegations.
A competitive and agile Total Rewards program can make the difference between attracting a competent workforce, and a perpetual state of turnover, inconsistent pay practices and inadvertent discrimination risk. Creating a Total Rewards philosophy and structure can seem overwhelming and nebulous. Prairie HR Solutions can assist your organization in:
Targeted Market Analysis and Benchmarking | Position to Market Alignment | Compensation Design | Compensation Equity Analysis | Compliance | Total Rewards Utilization and Design