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Why is matching jobs to market so important?

jobs market matching
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Why is matching jobs to market so important?

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Campus pay programs must be more sensitive to the market because the campus competes against other employers (both private and public) for the best talent. Therefore, the campus’ jobs must be linked to similar jobs in the market and tied to salary ranges based on market pay. Once jobs are more clearly defined within salary ranges appropriate to the market, the job and compensation structures will be easier to understand and administer.

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