To achieve this, the strategy must be competitive, fair, and aligned with organizational goals. It should also adapt to market trends and changes in the economy. This is where external benchmarks and industry standards come into play.
The Role of WorldatWork in Compensation Strategy
WorldatWork is a global nonprofit organization that offers educational resources, certification programs, and research data on compensation, benefits, work-life, and career development. By leveraging WorldatWork’s resources, compensation professionals can stay updated with the latest trends and best practices in the industry.

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