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Combine local, national data when developing comp plan
Finding relevant data in compensation surveys can require filtering out a lot of unnecessary data. There are several industry compensation surveys to choose from, each containing hundreds of pages of data sliced into multiple categories. And since fall 2007’s Stark III regulation changes eliminated the guidelines that required fair market value (FMV) to be calculated using at least four national safe harbor benchmarking sources, there are more options for determining FMV than before.
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