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…
Everyone works for a paycheck. That’s direct compensation. But, there’s another side of compensation that’s important for employees too – their indirect compensation. In this article, we’ll take a good look at the latter; why it’s important, what’s the difference between direct and indirect compensation, and what are examples of indirect compensation? Here goes. ContentsWhat…
The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. In this article, we take a closer look at this role. We dive into the core responsibilities of the compensation and benefits manager and take a look at his/her salary. Table of contentWhat is the compensation and benefits…
Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits? Why are compensation and…