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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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What is Compensation Management?

HRsoft

Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. Compensation management is a specialized HR discipline that plans, administers, and communicates employees’ salary, incentives, and benefits. How to get more out of your compensation management efforts?