March 31, 2025
Guide to Compensation Management: The right strategy will help attract top talent and allow you to retain employees.
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"Don’t forget, employees do their own research on salaries for their job title and responsibilities online," says Susan Levine, CEO of Career Group Companies. "If compensation doesn’t align with industry standards, they may seek opportunities elsewhere."
Susan Levine discusses the importance of fair and transparent compensation management, emphasizing that companies must stay competitive to retain talent. She advises businesses to gather industry data, consider internal pay equity, and ensure employees understand how pay decisions are made.
"Ensuring fair pay across roles, genders, and experience levels is important to avoid morale and legal issues," she explains.
Additionally, Levine highlights the need for ongoing reviews of compensation strategies, stating, "A fair and transparent pay system incentivizes performance and drives engagement."
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