The Definition of Compensation Management
The Definition of Compensation Management: In simple terms, compensation is everything that a company offers its employees in return for their talent and time. When…
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What is the Purpose of a Total Rewards Statement?
Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. While…
How to Build a Pay-for-Performance Model
One important component to building a competitive compensation plan is establishing a Pay-for-Performance model. Here, I share why a Pay-for-Performance model might be useful for…
Total Reward System: Definition & Role in the Organization
Here, we take a look at a few different definitions of total rewards systems and help you translate them into a meaningful description to fit your company.
