Remove 2020 Remove Benefits Remove Compensation
article thumbnail

14 Compensation Philosophy Examples [+ Free Template]

AIHR

In its simplest form, a compensation philosophy summarizes an organization’s guiding principles around employee salaries and benefits. Some companies do this exceptionally well, and you’ll find 14 of the best compensation philosophy examples below. Contents What is a compensation philosophy?

article thumbnail

7 Noteworthy Fringe Benefits for your Workforce in 2020

Vantage Circle

And one among those measures was providing employees with certain Fringe Benefits. What are these Fringe Benefits? Employee fringe benefits are the tangible or intangible perks that institutions provide their workforce in addition to their salaries. Another question that arises here is if these benefits are taxable?

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

15Five Named Winner on 2020 List of Best and Brightest Companies to Work For in the Nation

15Five

The National Association for Business Resources has released their Winter 2020 Best and Brightest Companies To Work For in the Nation. The 2020 Winter National winning companies were assessed by an independent research firm that reviewed a number of key measures relative to other nationally recognized winners.

article thumbnail

Rethinking Your Benefits Program To Foster Peak Performance

15Five

Work can be more than a job; work can be a life changing experience that gives people tools, resources, and perspectives that they take with them the rest of their lives and that benefit them in every other domain that they walk. So when we design our employee benefits programs we’re starting with these questions: .

article thumbnail

How The Pandemic Has Transformed Employee Benefits

Vantage Circle

Still, nobody could have anticipated what would happen in 2020. Everyone had to deal with various disruptions, which required businesses to rethink their employee benefits and compensation program. It is important for employers to understand that employee benefits do not always hold monetary value.

article thumbnail

How to Ensure Your Pay Practices Are in Compliance With Pay Disclosure Laws

Zenefits

Pay disclosure mandates will likely gain traction in more jurisdictions, which means employers must be ready to change their compensation policies and even their recruitment practices, if necessary. Simplify benefits administration. Simplify benefits administration. Provide benefits descriptions. Automate payroll.

article thumbnail

4 Strategies To Help Organizations Fix the Gender Wage Gap

15Five

Did you know that Pew Research Center reports that “it would take an extra 42 days of work for women to earn what men did in 2020?” Hold your organization accountable for fairness by providing compensation transparency. Does your organization have a formal compensation and benefits structure?