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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.
Components of Compensation Management Base Salary: The predetermined amount that employees receive as regular compensation for their job duties. Benefits: Non-cash compensation such as health insurance, retirement plans, and paid time off. EquityCompensation: Stock options or shares provided as part of the remuneration package.
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