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In todays highly competitive job market, companies need to adopt strategic ways to manage their employeescompensation. Enter Enterprise Compensation Management (ECM), a sophisticated approach to handling compensation and benefits on an organizational scale. Compliance helps avoid legal issues and potential fines.
Offering benefits that ease financial burdens strengthens employeeloyalty. Flexible Spending Accounts (FSAs) & Health Savings Accounts (HSAs/HRAs): Smart Tax-Saving Tools These accounts help employees set aside pre-tax money for healthcare expenses, reducing their financial burden. per hour worked, with $26.39 for benefits.
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