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When you take the commission, you owe clients the consultation

Employee Benefit News

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Safeguarding Your Business MVPs: The Power of Key Person and Disability Insurance

CorpStrat

We’re talking about things like illness, disability, or the loss of a key team member. This is where the importance of employee benefits, key person insurance, and disability insurance comes into play. Protecting Your Business MVPs Most companies have health insurance to cover medical expenses and illnesses.

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Total compensation package examples

Higginbotham

Bonuses and commissions can give annual earnings a significant boost, and various benefits can also have a major impact on your employees’ finances and wellbeing. Commissions. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.).

401(k) 52
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Total Compensation Statement Template: A Powerful Tool for Employers

COMPackage

Short-Term Incentives: These can include bonuses, commissions, or other performance-based payments. Long-Term Incentives: This may involve stock options, restricted stock units, or profit-sharing plans.

401(k) 40
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Designing an Effective Total Compensation Report: Sample Templates and Tips

COMPackage

Key Components of a Total Compensation Report A Total Compensation Report (TCR) should provide a clear and concise overview of an employee’s compensation package, including: Direct Pay: This includes the employee’s base salary or wages, as well as any bonuses, commissions, or overtime pay.

401(k) 40
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Total Rewards Statements: A Key Component of Your Benefits Communication Strategy

COMPackage

Variable pay: Include information about bonuses, commissions, or incentive pay, if applicable. Benefits: Detail all benefits offered, including health insurance, retirement plans, paid time off, disability insurance, and life insurance.

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How to conduct a compensation and benefits review

Higginbotham

Key elements to consider include the following: Salary, wages, bonuses and commissions. Health insurance. Other insurance types/voluntary insurance (vision insurance, dental insurance, critical illness insurance, long-term care insurance, life insurance, disability insurance, pet insurance, etc.).