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What is Compensation and Benefit all about?
When we talk about management, it is for sure that compensation and benefits are the first two things that could strike your mind and it is quite natural. It is a discipline subtitled under human resources, mainly focused on compensation and benefits rewarded to employees.
The basic compensation and benefits any employee is given with are:
- Equity-based compensation such as stock options.
- Guaranteed pay, for instance the base salary.
- Benefits including medical insurance, paid time off, company car, etc.
- Variable pay like incentives and bonuses.
This is just the basis concept of compensation and benefits rewarded usually. But this is not all. Many other complicated cases come up accordingly and thus, to know more about them, get in touch with us and we will help you out in the most appropriate manner.
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