Two of the core strategies in managing an organization's human capital base are to pay both competitively and cost-effectively.
Sounds simple, but unless you know how to select and properly use local labor market data for making pay decisions, you may be underpaying some employees while overpaying others.
The purpose of this white paper is to help employers pay people right. This paper is organized into two major sections. The first addresses many of the frequently asked questions about labor market data and the second deals with how to use those data.
You can make sound compensation decisions when you know what your competitors are paying and what benefits they're offering.