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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.

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Types of Employee Benefits: 12 Benefits HR Should Know

Analytics in HR

Typical examples include health insurance, paid time off, and life insurance. Perks serve as incentives or extra rewards that make an employer more appealing to work for. The types of employee benefits an organization provides carry weight in today’s employment market. Some employee benefits are country-specific.

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A Complete Guide to Hiring Employees in Hong Kong

Recruiters Lineup

The EO ensures that employees receive adequate time off for rest and recreation. Whether you are a multinational corporation establishing a presence in the region or a local business expanding your workforce, understanding the intricacies of the hiring process is crucial. Key Provisions of the Employment Ordinance 1.

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What is the HR Value Proposition & How to Measure It?

HR Lineup

This article delves into what the HR Value Proposition is, its importance, and various methods to measure its impact on an organization. Retention: Competitive Compensation and Benefits: Offering competitive salaries, bonuses, and benefits packages to retain top talent. Here are the key components of the HR Value Proposition: 1.

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20 Practical Employee Recognition Ideas That Actually Work In 2024

Vantage Circle

In this article, we are exploring the top 20 ideas for employee recognition , spanning public praise, personalized rewards, peer appreciation, events, time-off benefits, and more. High turnover from people leaving can significantly hurt a company through loss of talent and the high costs of recruiting and training new hires.