In the dynamic business landscape of Singapore, small and medium enterprises (SMEs) need to establish an effective and practical compensation and benefits scheme to attract and retain top talent.

In today's competitive business landscape, companies in Singapore are constantly exploring new strategies to optimise employee performance and foster staff loyalty. One effective approach that has gained traction is the use of pay-mix.

Market pricing and salary ranges are two contrasting strategies of managing compensation. One seeks competitiveness over internal equity while the other attempts to strike a balance between the two.