How to set your company's target market position
In today's competitive market, attracting and retaining top talent is crucial for any business. One of the key strategies to achieve this is by setting a clear and effective compensation philosophy.
This support article will guide you through understanding and setting your company's target market position for compensation. Whether you aim to benchmark your compensation at the 50th percentile or the 75th percentile, this article will provide you with the necessary steps to update your compensation plan and ensure your business remains competitive in the talent market.