Remove Profit Sharing Plan Remove Retirement Plan Remove Workshop
article thumbnail

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. Professional Development Opportunities: Training programs, workshops, and opportunities for skill development contribute to the professional growth of employees.

Bonuses 223
article thumbnail

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. Meditation rooms Designate quiet spaces for meditation and relaxation.

Bonuses 40
article thumbnail

10 Essential Components of a Competitive Employee Compensation Package

Bayzat

Key aspects to consider: Medical, dental, and vision coverage Mental health support Wellness programs and preventive care Evaluate different plans and providers to find the best balance between coverage and cost for both your company and employees.