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Understanding the Total Compensation Statement A TCS is a detailed document that breaks down an employee’s compensation package into its various components. IncentiveCompensation: Any bonuses, commissions, or other performance-based pay.
What’s more difficult is figuring out how that sort of structure applies to other professionals, such as engineers, accountants, clerical staff, or even HR. One of the first hurdles I always face when it comes to getting management on board with a compensation change is pretty obvious: Can we afford it? Here are a few: Bonuses.
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