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Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Falling out of touch with what makes a strong employeecompensation package may mean your company is losing its competitive edge.
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.
A federal Royal Commission on Health Services in Canada under Chief Justice, Emmett Hall, recommended Canada adopted universal healthcare in the mid-1960s but universal does not mean one plan. See the G overnment EmployeesCompensation Act ]. That assumption contains many misconceptions.
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