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Finding Your Business's Compensation Equation

You’re an employer. You hire people to complete jobs and projects, and then they get paid for their efforts. But that’s just the surface-level description of the employer-employee relationship. When you peel back the layers, the topic of compensation becomes far more nuanced and complex. The real question every business leader must address is: How do you truly determine how much to pay your employees? Is it based on an arbitrary agreed-upon rate? Or perhaps it stems from the results of a detailed