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Your compensation plan is a living document. It’s important to conduct a regular compensation review to retain employees and stay competitive.
A good compensation philosophy outlines your strategy to hire, retain, and reward talent. It can help you hire affordably, competitively, and fairly.
A compensation plan outlines salaries, bonuses, and equity. Total rewards plans (comp plus benefits) help companies attract and retain employees.
By putting a specific dollar value on salary, equity, and benefits, Carta Total Rewards can help engage your employees and retain high performers.
The secret to hiring and retaining the best talent? Compensation bands that accurately reflect what's going on in the market—in real time.