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3 Types of Compensation Packages To Consider and Why

Achievers

As Katey Maddux, founder and CEO of Millennial Accounting, writes in her recent employee compensation and benefits guide , “When it comes to employee compensation, there isn’t a one-size-fits-all solution.” The role of compensation in rewarding employees. Simple, right? Not so much.

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10 signs your business needs a PEO

Insperity

Competing companies are wooing your employees with five-star benefit packages. When you’re wearing too many hats, another thing that may escape your attention is your awareness of how your benefits package compares to what other employers are offering. A new employee misses out on benefits enrollment.

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How to conduct a compensation and benefits review

Higginbotham

Companies depend on their compensation and benefits package to attract talent. On the other hand, if you offer benefits that no one really wants or cares about, you’re wasting money. You need to get it just right, and a compensation and benefits review can help. Employee Benefit Needs Have Changed.

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Performance Management 2.0: Improving Your Employee Motivation Strategy

15Five

In my book, Next Generation Performance Management , I differentiate between Performance Management 1.0 (PM To learn more, you can watch the full webinar, Performance Management: Addressing Ratings and Compensation , or read the highlights: Progressive Performance Management: Why Your Employee Compensation Strategy is Holding You Back.

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Compensation Planning Based On Performance

15Five

Essentially, compensation planning is everything that goes into figuring out and building your companys compensation plan. That includes creating salary bands (or pay scales), setting the actual numbers for salaries, defining benefit packages, and designing all the non-monetary components of employee compensation.

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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

In this article, you will learn: What are your employees looking for through their Total Rewards Strategy. How to approach a Total Rewards Strategy that ensures benefits for both employees and employers. How to manage all aspects of employee compensation, reward, and recognition. Employee Retention.

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How to Run an Employee Discounts Program Effectively

Empuls

Employee discounts have become increasingly popular in the modern workplace and for good reason. They provide a win-win situation for both employers and employees. Attracting and retaining talent Employee discount programs can also be used as a tool for attracting and retaining top talent. Book a demo with us now.