112: Give your salary data strategy a glow up
Comp and Coffee
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Crafting a Data-Driven Compensation Strategy
This chapter explores the essential components of a data strategy for compensation, emphasizing input data selection, internal utilization, and pay transparency. It highlights the necessity of evaluating data sources and addressing biases while communicating compensation strategies to employees. Furthermore, the chapter discusses the impact of legislation on pay transparency and the importance of accurate data in shaping effective compensation practices.
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