A best practice is methodology or a technique that makes innovative use of resources such as equipment, technology, data, personnel, etc. that results in a measurable and significant improvement in performance (or operation) of business. Often a firm’s largest costs are the wages and salaries paid to employees. This can go up to 70% of the operating costs of a company, annually. The key to getting the right talent is creating impartial and comprehensive employee compensation plans and pay structures…
