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  1. Employee compensation – what you need to know …

    • When people think of employee compensation, it’s usually the base salary of a position that initially comes to mind. However, total compensation includes employee benefits and perks. Health insurance, l… See more

    Direct and Indirect Compensation

    There are generally two different types of compensation: direct and indirect. A generous mix of both helps create an attractive compensation package for employees … See more

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    The Importance of Competitive Employee Compensation

    The vast majority of employees work as a way to secure financial stability. So although your product could be amazing, your mission statement inspiring, and your corporate c… See more

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    How to Build A Competitive Employee Compensation Plan

    As you develop your employee compensation strategy, the first step is to decide how you’ll determine compensation for individual employees or positions. Options inc… See more

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  2. Compensation is important to employees because it can12:
    • Attract top talent to the company
    • Increase employee motivation
    • Boost employee loyalty
    • Increase productivity and profitability
    • Increase job satisfaction so people stay
    • Maintain employee loyalty to the company
    • Increase workplace productivity
    • Increase satisfaction with the employer and the workplace
    • Foster a positive attitude toward everyone and everything at work
    Learn more:

    Importance of Compensation in the Workplace

    • Attracting Top Talent People are always looking to put themselves in the best possible position financially. ...
    smallbusiness.chron.com/importance-compensatio…

    6 Reasons Why Compensation Should Be Very Important To You As An Employee

    • 1) Maintain your loyalty to the company Two-thirds (66%) of workers believe benefits have become a more essential element of how they evaluate their overall salary. ...
    gritsearch.com/career-advice/succeeding-at-work/…
     
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