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Equitycompensation is a powerful tool used by companies to attract, retain, and incentivize employees. Unlike traditional forms of compensation such as salary and bonuses, equitycompensation grants employees ownership stakes in the company. How EquityCompensation Works?
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Managing employee compensation is one of the most critical aspects of Human Resource Management (HRM). It’s not just about paying salaries; it involves understanding the complexities of compensation structures, ensuring compliance with legal standards, and providing fair and motivating rewards to employees.
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This approach acknowledges the workforce's diverse needs, enabling individuals to manage personal commitments alongside professional responsibilities. Equitycompensation plans Implementing equitycompensation plans aligns employee interests with company performance by offering stock options or shares as part of compensation packages.
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