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Managing employeebenefits and compensation is an essential function for any organization that wants to attract, retain, and motivate top talent. Employeecompensation and benefits are critical components of an organization’s total rewards package, which is a key factor in employee satisfaction and engagement.
You can pay compensation in various ways, such as straight salary, salary plus commission, hourly rates, and overtime pay. Learn more about types of compensation strategies here: EmployeeCompensation: How To Pay Employees? This is when you fine-tune your organizational budget. Get the Approval.
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