Question: Fresh Munchables compensation system has stayed the same for many years. The newly hired chief human resources officer is stunned to discover how outdated it

Fresh Munchables compensation system has stayed the same for many years. The newly hired chief human resources officer is stunned to discover how outdated it is, as the company has grown and changed significantly over the years. However, changing the companys compensation system is not cheap, and Fresh Munchables executive team is hesitant to act.
What information could the chief human resources officer share to convince the executive team that building a new compensation system is worthwhile?

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