In a rapidly evolving industry, how should a company adapt its compensation benchmarking to stay competitive?
- Offering fixed compensation packages
- Providing one-size-fits-all benefits
- Relying solely on internal salary structures
- Updating benchmarks regularly
To stay competitive in a rapidly evolving industry, a company should adapt its compensation benchmarking by updating benchmarks regularly. This ensures that salary structures remain aligned with the dynamic market conditions, helping attract and retain skilled professionals.
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