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Total compensation package examples

Higginbotham

Employee compensation includes a lot more than just the base salary or hourly wage. Bonuses and commissions can give annual earnings a significant boost, and various benefits can also have a major impact on your employees’ finances and wellbeing. When discussing compensation, it’s important to look at the big picture.

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How to conduct a compensation and benefits review

Higginbotham

You will need to gather information on the employee benefits and salary you’re currently offering. Key elements to consider include the following: Salary, wages, bonuses and commissions. Health insurance. Do you need help with your employee compensation and benefits package? Retirement plans. Mental health support.

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Year-end checklist for HR

PeopleStrategy

Verify employee compensation. Verify compensation information for every employee in your organization. Annual, quarterly or holiday bonuses should also be accounted for. Some health and life insurance plans and retirement plans require companies to report enrollment figures and balances at the end of the year.