article thumbnail

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?

article thumbnail

What the Latest Research Says on How to Successfully Retain Your Employees

Lolly Daskal

Offering Competitive Compensation: While not the sole factor, compensation remains crucial. A SHRM study revealed that 63% of employees might leave their job due to compensation concerns. Regular market analyses ensure that pay scales remain competitive and fair.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Demystifying Compensation with Data-Driven Total Rewards Statements

15Five

Attracting great talent has never been more competitive, with companies understandably wanting to provide the most enticing compensation packages possible. Unfortunately, many potential candidates and existing employees don’t comprehend the total value of their compensation package outside of salary alone.

article thumbnail

Compensation Analyst: All You Need to Know About the Role

AIHR

In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one. Contents What is a compensation analyst?

article thumbnail

Top 8 Challenges Leaders Will Encounter In The Future Of Work

Lolly Daskal

The future of work presents a unique set of challenges for leaders. Offer competitive compensation and benefits packages, and provide opportunities for growth and development. The future of work presents both challenges and opportunities for leaders. As a leader, you must develop strategies to win the war for talent.

article thumbnail

Leaders Love Puzzles (for Better and for Worse)

Ed Batista

In my experience a disproportionate number of leaders exhibit an almost obsessive need to tackle and solve complex problems, and this trait is one of the factors that drove them to seek out (or create) a leadership role, which reliably presents them with any number of "puzzles" to solve on a daily basis.

Media 284