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Compensation and Benefits

Analytics in HR

Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Benefits are extra perks or rewards that an organization provides to an employee, and they may have a financial value, but the employee doesn’t receive any cash directly.

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What is Compensation Management?

HRsoft

Compensation management strikes the balance between the competitive landscape of the industry, regulatory requirements, and employee expectations. Importance Of Compensation Management Compensation management is important because it connects employees’ efforts with the greater goals of an organization.