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Cost Management: While equitycompensation can be a valuable tool for attracting and retaining talent , it also represents a long-term cost for employers. However, unlike cash compensation, equitycompensation doesn’t require immediate outlays of cash.
Employee benefits and perks, such as health insurance, retirement plans, paid time off, wellness programs, and flexible work arrangements, are vital components of the overall compensation package. EquityCompensationEquitycompensation allows employees to own a portion of the company through stock options or grants.
At 15Five, we recently reimagined our compensation strategy, philosophy, and program to ensure market competitiveness to attract, motivate, and retain employees. This included adopting a tool called Welcome to help employees visualize the total value of their compensation, equity, and our comp philosophy.
Earlier this month, the Internal Revenue Service (IRS) released Form 15620 , which is an approved IRS form for making Internal Revenue Code (Code) Section 83(b) elections.
These Principles are based on SHRM public policy positions outlined in our 2016 Guide to Public Policy Issues and cover policy solutions on workplace flexibility, compensationequity, modernizing labor-management relations, employer-sponsored benefits, improving health care, closing the skills gap and reforming immigration.
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