What is the Impact of Fair Pay?

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Employees are looking for fair pay, transparency, and equity across the organization. This also means that benefits offered by employers need to be relevant and align with the workforce's needs. Examples of relevant benefits include home office reimbursement, sponsored transportation, onsite childcare, paid parental leave, flexible time off, vaccine incentives, and caregiving support, to mention a few.

When businesses offer fair pay to employees it creates a more competitive workforce and demonstrates the business's values to the employees. This type of transparency can also encourage trust between the employer and employee.