The 2023 CompWatch report by Salary.com highlights key trends in compensation and workforce transformation. Pay transparency is a significant focus, with a 45% increase in businesses disclosing wage ranges in job postings. However, integrating transparency into corporate culture remains challenging, with only one-third of companies committed to it. The report also emphasizes the growing importance of "relational returns"—non-monetary incentives like workplace flexibility and professional development—as a strategy to attract and retain talent in a competitive job market. Additionally, caution is advised regarding the use of emerging AI tools like ChatGPT.

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