When merging with another company, how can compensation benchmarking help in harmonizing pay structures?
- Identifying disparities in pay
- Ignoring compensation differences
- Maintaining existing pay structures
- Standardizing benefits only
Compensation benchmarking, in the context of a merger, can help harmonize pay structures by identifying disparities in pay. This allows the merging companies to create a unified and fair compensation system that aligns with industry standards and ensures equity among employees.
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