---
title: How to Compete in a Tight Labor Market Knowing that Compensation is King
description: Organizations that can't offer the best pay or benefits will need to seriously contemplate how they can compete in the current job market.
---

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March 2, 2023

# How to Compete in a Tight Labor Market Knowing that Compensation is King

Written by: [Tania Fiero](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/taniafiero)

Compensation is a key consideration for most job seekers, but it can be challenging for organizations to compete in that area. If you simply meet the market when it comes to salary, your pay might not appear competitive to top talent.

Read our latest article for SHRM to learn strategies for reassessing and communicating your company's compensation program to job candidates, as well as how to attract and retain talent if compensation isn't your organization's strongest benefit.

 

## Read the [full article on The SHRM Blog here.](https://blog.shrm.org/blog/how-to-compete-in-a-tight-labor-market-knowing-that-compensation-is-king)

 

Written by: Tania Fiero, Chief Human Resources Officer at IES

[*Tania Fiero*](https://www.innovativeemployeesolutions.com/team/tania-fiero/)* is the chief human resources officer at Innovative Employee Solutions (IES), *a leading provider of remote and contingent workforce solutions, specializing in global Employer of Record, Agent of Record, and Independent Contractor compliance services in 150+ countries. Founded in 1974, IES is a woman-owned business, certified by the WBENC and partners with companies to provide compliant employment solutions that empowers people’s lives.**

Tag(s): [contingent workers](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/contingent-workers) , [Profit-sharing Bonuses](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/profit-sharing-bonuses) , [Recruiting](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/recruiting) , [Blog](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/blog) , [HR](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/hr) , [remote workers](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/remote-workers) , [Job Market](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/job-market) , [Employment Laws](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employment-laws) , [EOR](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/eor) , [Pay and Benefits](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/pay-and-benefits) , [labor market](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/labor-market) , [Staffing](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/staffing) , [Employer Best Practice](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employer-best-practice) , [Human Resource Management](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/human-resource-management) , [Incentives](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/incentives) , [Top Talent](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/top-talent) , [Human Resources Challenges](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/human-resources-challenges) , [Business](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/business) , [Compensation Program](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/compensation-program) , [Compliance](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/compliance) , [Prospective Employees](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/prospective-employees) , [- Contingent Workforce](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/contingent-workforce) , [Technology](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/technology) , [employees](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employees) , [Employer of Record](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employer-of-record) , [Gig Workforce](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/gig-workforce) , [Employers](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employers) , [Recruiters and Staffing](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/recruiters-and-staffing) , [gig economy](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/gig-economy) , [Independent Contractors](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/independent-contractors) , [gig workers](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/gig-workers) , [Human Resources](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/human-resources) , [Employee Bonuses](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employee-bonuses) , [Talent](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/talent) , [Recruiters](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/recruiters) , [Hiring](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/hiring) , [Employer of Record Services](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/employer-of-record-services) , [Remote Workforce](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/remote-workforce) , [Business Management Tips](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/business-management-tips) , [Hybrid Workforce](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/tag/hybrid-workforce)

## [Tania Fiero](https://blog.innovativeemployeesolutions.com/ies-blog-nb-24/author/taniafiero)

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