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When it comes to attracting good employees, salary and benefits are at the top of the list. Knowing external equity, internal equity and individual equity is important, but it takes more than good pay to attract talent. Contractors that invest in developing and delivering strong “employee value propositions” or EVPs, have a significant advantage over those who don’t, not only for attracting employees, but also for retaining employees ...
Jim Collins in his book Good to Great writes, “The purpose of a compensation system should not be to get the right behavior from the wrong people, but to get the right people on the bus in the first place and then keep them there.”