Question: Within the comprehensive compensation strategy framework discussed in the elass, what considerations should be factored in when determining a fair and competitive salary range for
Within the comprehensive compensation strategy framework discussed in the elass, what considerations should be factored in when determining a fair and competitive salary range for a new position, keeping in mind industry standards and internal equity?
A Compensation should be primarily influenced by the organigation's immediate budgetary limitations with some consideration for market competition.
B The initial offer should correspond with entrylevel wages within the indtustry, gructuatfy increasing with tenure and performance.
C The process should be datadriven, utilizing comprehensive labor market analyses, including resources like the US Bureau of Labor Statistics, to establiah a range that reflects both the value of the role and the company's compensation ptithospty.
D Both A and
E Both B and C
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