Describe a strategy for restructuring salaries in response to a significant change in industry standards or regulations.

  • Align salaries with the new industry standards
  • Conduct a comprehensive salary survey
  • Implement a flat salary increase for all employees
  • Introduce performance-linked incentives
In response to a significant change in industry standards or regulations, aligning salaries with the new standards is crucial. This ensures that the organization remains competitive and compliant with industry norms.
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