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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?

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Compensation Planning in 7 Actionable Steps

AIHR

Thorough compensation planning allows your organization to create compensation systems that reward employees fairly and support business goals. What exactly is compensation planning, what are its objectives, and how do you go about compensation planning in practice? Contents What is compensation planning in HR?

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Compensation and Benefits

AIHR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

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How to Create an Effective Compensation Philosophy

AIHR

A compensation philosophy guides your organization in creating fair, transparent compensation programs and helps you attract and retain employees. Learn about the different types of compensation philosophies, components of a compensation philosophy, how to create your own, and how to measure its effectiveness.

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Variable Compensation: All HR Needs to Know

AIHR

Variable compensation can be a useful tool for rewarding employees’ performance to provide measurable results for your business. Let’s dive into all you need to know about variable compensation. Contents What is variable compensation? What is variable compensation? Examples of variable compensation.

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The 7 Core HR Processes: Your Ultimate 2024 Guide

AIHR

Core HR processes include recruitment, employee onboarding , training and development, performance management , compensation and benefits , employee relations , and compliance. Compensation and benefits HR is responsible for offering and handling compensation and benefits packages.

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18 Must-Have Onboarding Documents (+ Free Templates)

AIHR

Failing to standardize your onboarding documents hurts new hires and your company. Begin by establishing a set of clear, well-organized onboarding documents to help your HR department obtain the info and contracts it needs and help your recruits confidently navigate their new role. Contents What are onboarding documents?