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Types of Compensation: Everything HR Needs to Know

HR Lineup

HR professionals play a crucial role in benchmarking salaries against industry standards, ensuring internal equity, and addressing any pay disparities within the organization. Variable Pay: Performance-Based Incentives Variable pay, also known as performance-based pay, includes bonuses, commissions, and profit-sharing plans.

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The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

Analytics in HR

Because sales compensation plans play a vital role in attracting and retaining top sales talent, HR needs to know how to design a competitive and appealing compensation structure that offers attractive incentives and rewards to drive performance and sales results. Contents What is sales compensation?

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How to Evaluate Your Compensation Plan

Zenefits

Total compensation includes: Pay : Base wages, commissions, bonuses, financial incentives, profit sharing, stock options. An audit helps assure there is no discrimination, especially among protected classes of employees. Benchmarking. Industry-specific studies. Benchmarking needs to go beyond pay.

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Should You Hire a Certified Compensation Professional?

Zenefits

Certification requires several years’ experience and study. If you bring on a CCP to your business, initially they may spend a lot of time benchmarking. Salary ranges for new hires and for financial incentives and advancement of existing staff members. Bonuses and performance incentive programming. Market analysis.

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Employee Engagement Survey: 20 Questions & Tips to Analyze Results

ConnecTeam

This covers health and safety protocols but also looks at bullying, harassment, and discrimination. This can help identify any potential patterns of bias or discrimination in the company. Benchmark your results Compare your engagement survey results with the same questions on your previous surveys to track changes over time.

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6 ways Bob helps retain top talent during uncertain times

HiBob

To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success. Compensation Benchmarking Powered by Mercer 2.

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6 ways Bob helps retain top talent during uncertain times

HiBob

To prevent this from happening, companies need to find ways to engage and motivate their people, including showing them that they are valued and providing incentives for them to stay and continue to contribute to the company’s success. Compensation Benchmarking Powered by Mercer 2.