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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

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Small business expansion: 5 tools to help open your next location

Homebase

Plus, replacing an employee costs up to two times their annual salary. As an owner, splitting your time between two or more locations can be difficult for you and your staff. Send a quick message to alert employees of an incoming delivery, relay information about an upcoming sale or promotion, or find a team member to fill a shift.