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Building a Compensation Strategy

Compensation is an equation. Many factors go into determining the right salary range for positions. Things like benchmarking, experience, certifications, and more. Building a compensation strategy that actually works is key to setting your organization up for success. In our latest outRageous HR, host Catherine Boudreaux sits down with compensation expert, Nick Jones, to dive into the ins and outs of developing a solid compensation strategy and structure. In this episode, the compensation experts cover: -Why a solid pay structure is your first defense -The importance of clear pay ranges for every role -Why every comp strategy must start with market analysis -How inconsistency and zero structure led to issues -How outsourcing compensation helps cut bias -Why you need both external vs. internal pay analysis --“Compensation is an equation” — what that really means -How better pay analysis reduces compliance and legal risk Want to put this into action? Visit https://www.outsolve.com/solutions/co... to learn more about our compensation offerings and packages. Like this content? Subscribe to our weekly newsletter today: https://www.outsolve.com/subscribe #OutRageousHR #HRPlanning #HRCompliance #CompensationStrategy #FormI-9 #PayEquity #HRPodcast