A high level of pay relative to that of competitors can ensure that

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Offering a high level of pay relative to competitors can make the company more appealing to high-quality employees, who may value compensation as a key factor when considering job offers. This can increase the talent pool, which can lead to improved productivity and overall company success. However, it is not a guarantee that labor costs will remain low, that employees will be highly satisfied with their work, or that the organization will always be in the growth stage.

A High Level of Pay Relative to That of Competitors