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93 CBPR Highlights

Comp and Coffee

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2024 Compensation Best Practices Report Insights

The chapter explores the findings of the 2024 compensation best practices report, focusing on topics like pay transparency, pay equity, and communication strategies around compensation. It emphasizes the increasing trend of pay transparency in organizations, the impact on employee behavior and retention, and the importance of fair pay practices for retaining high performers. The discussion delves into the interconnected nature of pay transparency, pay equity, pay fairness, and communication in building trust and engagement within organizations.

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