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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. Stock Options and Equity: Aligning Interests In many industries, especially in technology and startups, stock options and equity are common components of compensation packages.

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The Payday Puzzle: Solving Employee Compensation and Benefits

HR Digest

Another way to manage compensation is to offer performance-based incentives such as monetary rewards, bonuses, commissions, and profit-sharing plans. Finally, organizations should also consider the role of technology in managing employee compensation.

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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharing plans , wellness memberships, etc. It also encompasses benefits such as additional paid time off, office equipment purchases, and technology training. Components/Elements of Total Rewards. But it is easier said than done.

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57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Empuls

Some companies share a portion of their profits with employees as a way to reward them for their contributions to the company's success. This can be distributed through bonuses, profit-sharing plans, or stock options. Tech gadgets Provide the latest tech gadgets or accessories as rewards.

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