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Enterprise Compensation Management: A Comprehensive Guide

Qandle

Enterprise Compensation Management (ECM) refers to the strategies and tools that organizations use to design, manage, and administer compensation and benefits for their employees. It encompasses all forms of monetary rewards, such as salaries, bonuses, commissions, and benefits like health insurance, retirement plans , and perks.

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12 Employee Perks That Help Your Company Win in India?

Vantage Circle

Festival Bonuses: Many Indian companies offer bonuses during major festivals like Diwali. How to offer: Festival bonuses can be managed internally by the HR and Accounts departments.Usually, companies determine a fixed amount considering the person's basic salary and company policy and distribute it during the festive season.

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The Ultimate Guide to Total Compensation Statements: Maximizing Employee Understanding and Satisfaction

COMPackage

To enhance transparency and ensure that employees understand the full value of their compensation packages, many organizations are adopting Total Compensation Statements (TCS). These comprehensive documents outline all aspects of an employee’s compensation, including salary, benefits, bonuses, and other perks.