Remove Education Remove Employee Compensation Remove Parental Leave Remove Salary
article thumbnail

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.

401(k) 52
article thumbnail

How to conduct a compensation and benefits review

Higginbotham

In one example, CNBC says that Macy’s is raising its minimum wage to $15 per hour and adding an education program that covers 100 percent of tuition, books and fees. To stay competitive in the talent war, employers may need to conduct a compensation and benefits review. Paid time off (vacation, sick, personal, parental leave, etc.).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

It’s a Match! How to Create an Equitable Compensation System That Fits You

HR Digest

Employees who believe they are paid fairly are more willing to give back to the organization and retain their position there. Those who feel unfairly compensated move on. Apollo Technical reports that 39 percent of those considering job changes are motivated by higher salaries. Gender is not the only discriminating divide.

article thumbnail

How to Calculate Employee Benefits: The Ultimate Handbook

Empuls

You need to know what benefits are adding value to your business and what is not by calculating employee benefits accurately. In this blog, we look at how to calculate the cost of employee compensation packages and arrive at how much you are investing in employee benefits. percent for the employees.