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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

If you are a compensation specialist, payroll specialist, HR leader, business owner or manager, in this article we will take a deep dive into the most common questions asked about compensation management and strategy. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.