Employers want to hire the best talent they can get while controlling compensation costs. Competition for skilled workers is tough against larger companies that can offer bigger benefit packages along with higher salaries. To succeed in this competitive environment you must have a well-designed compensation plan at a manageable cost. Business and Legal Resources suggests your overall compensation plan, salary and benefits need to fit into your strategy for recruiting and retaining employees. Here are a few suggestions for creating a top-tier compensation plan.
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