Payscale's 2023 Compensation Best Practices Report (Enterprise Edition) highlights how large employers are adapting to current challenges, including a potential recession, by focusing on sustainable compensation strategies to promote fair and transparent pay. The report, based on 1,517 survey responses from organizations with 1,200+ employees, reveals that 47% of enterprises are at an advanced level of compensation maturity. Key trends include addressing pay equity, managing workplace flexibility, and developing skills taxonomies to secure future talent. The report underscores the evolving landscape of work and the need for strategic compensation management.

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