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Employeecompensation includes a lot more than just the base salary or hourly wage. 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. When discussing compensation, it’s important to look at the big picture.
You will need to gather information on the employee benefits and salary you’re currently offering. Key elements to consider include the following: Salary, wages, bonuses and commissions. Paid time off (vacation, sick, personal, parentalleave, etc.). Do you need help with your employeecompensation and benefits package?
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