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Monthly Newsletter - Jan 2024 Edition

Modern Techniques in Salary Benchmarking for Competitive Pay


Salary benchmarking is a crucial process for businesses to evaluate their employee compensation packages compared to market rates. It helps ensure competitiveness, preserve internal equity, mitigate compensation complacency, and optimize cost-effectiveness.


In recent years, salary benchmarking has become a necessary part of talent acquisition and retention. Sources like the Bureau of Labor Statistics, along with salary surveys, and HR consultants help with the evaluation of compensation structures. To know more, read our latest article which provides a comprehensive breakdown of the various aspects involved in benchmarking.

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The Most Sought-After Skills in Europe for 2024


75% of all EU companies face challenges in hiring skilled professionals. That could be due to localized skill shortages or insufficient expertise in roles requiring necessary knowledge. New initiatives like Germany's immigration law and Denmark's visa for international students help bring in specialized talent, filling the shortages.

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