Types of Compensation: Everything HR Professionals Need to Know

If organizations want to reward their employees fairly, they need to understand different types of compensation and how to create attractive compensation packages for their employees. Let’s dive into different types of compensation employers can offer. ContentsWhat is compensation?What are the different types of employee compensation?– Direct compensation– Indirect compensation– Total compensation What is compensation?…

Compensation Package: A Guide For HR

Across most industries, the competition for talent is tough. As an HR professional, you must be strategic in order to attract the right talent and retain employees. Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and…

Compensation Analysis

A Guide to Compensation Analysis

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. A thorough compensation analysis provides the data and insights for critical decisions as it relates to salaries and total benefits for employees. Labor costs make…