Remove Benefits Remove Compensation Remove Definition Remove Retention
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Compensation: Definition & Impact on Your Organization

HRsoft

Perform a quick online search for “compensation definition” and you’re bound to yield thousands of results. But is that really all compensation is? In the world of HR, compensation takes on a more significant meaning. Let’s find out. However, it can also include bonuses and/or commissions.

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Stay Competitive in 2022 with these 5 Employee Benefits

Rally Recruitment Marketing

This has spawned what I’m calling the “Battle of the Benefits”, where many employers are upgrading their benefits packages to make talent choose them over their competitors. With this in mind, here are 5 employee benefits that, if you’re not already providing, you should consider offering (and promoting!) Mental health benefits.

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Volunteer Time Off (VTO): Definition, Benefits & Importance

CuteHR

Volunteering has become increasingly common in new benefits packages. Benefits of Volunteer Time Off. Offering VTO at your organization has more benefits than just attracting top employees. Is there any achievement or other criteria for receiving this benefit? Let’s discuss this today.

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What is Your Organization’s Compensation Definition?

HRsoft

A quick search for “compensation definition” tells us that this important aspect of business refers to the “direct and indirect benefits that a worker receives from an employer.” Yet, compensation meanings can be different from one organization to the next. How should compensation be defined in your company?

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Total Compensation Definition: Understanding Compensation Communication

HRsoft

Digging deeper, the survey also found this: 66% of respondents feel that they are not being adequately compensated and do believe that basic pay is something that drives their decision to quit or stay. Obviously salary is not the end all or be all of employee retention and engagement, but it does contribute. What is Total Compensation?

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Winning strategies for maximizing employee retention rate

Devskiller

Employee retention rate is a critical metric in the corporate world, serving as the barometer of a company’s ability to maintain a stable and committed workforce. Mastering the art of employee retention is essential for the success of any organization.

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Why Would an Employee Want Pay Equity?

ExactHire Recruiting

We’ll get into the core definitions and benefits of adopting a fair and equitable pay platform, as well as answer why any employee might want pay equity. This pay includes all aspects of compensation, including base salary, bonuses, overtime rates, benefits, and opportunities for advancement. Understanding Pay Equity.