HR Digest
DECEMBER 2, 2023
A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. Here, other forms of monetary compensation are useful as well.
HR Lineup
FEBRUARY 1, 2024
Compensation goes beyond just the salary paid to employees and includes various elements designed to reward and recognize their contributions. HR professionals play a crucial role in benchmarking salaries against industry standards, ensuring internal equity, and addressing any pay disparities within the organization.
Vantage Circle
JULY 13, 2021
It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharing plans , wellness memberships, etc. Good benefits are critical to employee retention and performance.
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