Remove Compensation Remove Definition Remove Discrimination Remove Employee Benefits
article thumbnail

Compensation Package: A Guide For HR

Digital HR Tech

As an HR professional, you must be strategic in order to attract the right talent and retain employees. Offering an appealing and generous compensation package is an important part of your employee value proposition. Contents What is a compensation package? What is included in a compensation package?

article thumbnail

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HR’s Complete Guide to the Employee Handbook 

Analytics in HR

An employee handbook, also called an employee manual, serves as a comprehensive guide to your organization’s mission, vision, values, employee and workplace policies, HR-related procedures, employee benefits, and code of conduct in the workplace, among other things. Anti-harassment policy The U.S.

Handbook 120
article thumbnail

Support Black Health and Wellness in Your Workplace

Extensis

Expose compensation disparities One of the first steps an employer can take to promote health and wellness for people of color is to closely evaluate compensation equity. Here are some ways SMB employers can adjust benefits to align with DEI initiatives and support Black workers and other employees of color.

article thumbnail

6 essential HR tools for small business owners

Homebase

HR responsibilities often include: Employee termination and offboarding Employment law compliance Employee engagement and retention Hiring and onboarding Training and development Employee payroll , compensation, and benefits Of course, HR is vital when it comes to managing large teams. So compensation matters.

article thumbnail

Plan Sponsors Must Now Analyze 401(k) Plan Administration (Part 2)

HR Daily Advisor

Today we will continue to explore the topic, including the definition of compensation and hardship distributions. Compensation Definition. Compensation definitions specify remuneration elements that are either included or excluded when making contribution calculations. Hardship Distributions.

article thumbnail

Tipping the Scales from Prevention to Detection: Get Ready for an IRS Examination of Your Plan

HR Daily Advisor

Definition of Compensation— Was the compensation used to calculate contributions consistent with the plan document? Have the control totals for every type of excluded compensation been reconciled to the original source payroll reports? Has preeligibility compensation been properly identified?

Payroll 46