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Employee compensation – what you need to know and why

Workable

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. Direct compensation Direct compensation is monetary and usually the most appealing aspect of employee compensation.

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Guide to Hiring Employees in Luxembourg

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Social Security Contributions: Employers are required to register their employees with the Luxembourg social security system and deduct social security contributions from their salaries. These contributions fund various social benefits, including healthcare, pensions, and unemployment insurance.

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Guide to Hiring Employees in Ireland

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These laws collectively address issues such as discrimination, termination procedures, and basic employment terms. Equality and Anti-Discrimination Laws: In Ireland, the Employment Equality Acts prohibit discrimination on various grounds, including gender, age, race, disability, sexual orientation, and religious beliefs.

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Guide to Hiring Employees in Jamaica

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This act outlines the rights and obligations of both employers and employees, covering areas such as working hours, minimum wage, termination procedures, and discrimination laws. The Jamaican economy has seen growth in sectors such as tourism, agriculture, and information technology, which may influence hiring needs.

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Guide to Hiring Employees in Bermuda

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Employees, on the other hand, have the right to refuse work if they believe it poses a serious risk to their health and safety, without facing adverse consequences from their employers. Employee Benefits and Leave Policies: Labor laws in Bermuda also address employee benefits and leave entitlements.

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Guide to Hiring Employees in Azerbaijan

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Discrimination in the workplace based on gender, race, religion, or other factors is strictly prohibited, and employees have the right to a safe and healthy working environment. Social Security and Insurance: Azerbaijan has a social security system that provides benefits such as pensions, disability allowances, and medical coverage.

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Building An HR Department: A Step-By-Step Guide

HR Tech Girl

HR departments have five principal functions: meeting staffing needs, employee compensation, employee benefits, performance assessment and appraisal, and law compliance. Their priority is to manage the needs and struggles of a company’s employees. Why is Having an HR Department Important?