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I recommend adopting a competitive pay policy that benchmarks salaries against industry standards and local market rates to attract and retain top talent. This approach should include regular salary reviews and adjustments based on performance, experience, and market trends. Additionally, incorporating non-monetary benefits, such as flexible working arrangements and professional development opportunities, can enhance employee satisfaction and loyalty. Ultimately, a transparent and equitable pay structure fosters a positive workplace culture and drives overall organizational success.

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1mo ago

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