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Types of Compensation: Everything HR Needs to Know

HR Lineup

Variable Pay: Performance-Based Incentives Variable pay, also known as performance-based pay, includes bonuses, commissions, and profit-sharing plans. Crafting a comprehensive benefits package that meets the diverse needs of employees while staying competitive in the job market is a key responsibility for HR.

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10 Essential Components of a Competitive Employee Compensation Package

Bayzat

Many companies face challenges in offering competitive and comprehensive benefits that align with employee needs and market standards. Retirement Plans Providing retirement savings options helps employees plan for their future and shows that your company values long-term financial security.