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Why Every Organisation Needs a Solid Compensation Strategy

6Q

A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. Bonuses: Employees are rewarded with bonuses for meeting their quotas and performing their job duties well. That’s why it’s important to reward employees who show exemplary performance.

article thumbnail

Why Every Organisation Needs a Solid Compensation Strategy

6Q

A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. Bonuses: Employees are rewarded with bonuses for meeting their quotas and performing their job duties well. That’s why it’s important to reward employees who show exemplary performance.