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Total Compensation Report Sample: A Guide for HR Professionals

COMPackage

Beyond just base salary, employees value a comprehensive benefits package that contributes to their overall well-being. This guide explores the importance of TCRs, highlights key considerations for crafting effective reports, and showcases sample reports for both salaried and hourly employees. healthcare, PTO). (See

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Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

COMPackage

Beyond the Dollar Sign: The Power of Total Compensation Traditionally, compensation discussions often focused solely on base salary. TCRS provide a transparent breakdown of all aspects of an employee’s compensation package, including: Base Salary: The core component, outlining the annual or hourly wage.

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Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

To maintain compliance with the Fair Labor Standards Act (FLSA) , exempt workers must be paid their full salary for any week in which they perform work. And if exempt employees only work a partial week due to a government shutdown, you likely still need to pay them a full week’s salary. PTO payout. Are you in search of a PEO?

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Why employee wellness matters – and how it’s good for business

Insperity

Opportunity to advance one’s career, gaining in title, status and salary. Increased paid time off (PTO) and alternative forms of paid leave. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Flexible schedules.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Employee leave Paid time off (PTO) is among the most popular and sought-after employee benefits, giving employees time to rest and recharge, attend to personal obligations, spend time with their families and take vacations. Most employers offer their employees PTO – usually between 10 to 14 days per year at minimum.

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5 steps to attract and hire highly skilled workers

Insperity

Is the salary you plan to offer competitive? When hiring highly skilled workers, you may find that you must be flexible on salary to get the right candidate. How can you woo job candidates if you’re limited to a certain salary range? Other than an attractive salary, what perks can your company offer?

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How to retain employees and thrive during the Great Resignation

Insperity

Although most of the categories below can be included in a retention strategy, the big three to think about are: Competitive salaries and benefits – Review your salary structure , bonus programs employee benefits and other employee recognition programs to see where you have room to make improvements.

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