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Why Conduct the <br />Compensation Update? <br />•Organizations must ensure that each job in the <br />organization interrelate to each other so that it <br />can: <br />–Comply with Minnesota’s pay equity law <br />–Optimize achievement of the organization’s mission, goals <br />and objectives <br />–Operate effectively and efficiently <br />–Determine the relative worth and appropriate pay rate for <br />jobs <br />•Internally equitable <br />•Market competitive <br />•Uniform and consistent structure <br />•Affordable