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Employee compensation – what you need to know and why

Workable

Health insurance, life insurance, disability insurance, 401k matching, stock options, employee assistance programs, profit sharing, paid time off, sick days and additional incentives could all potentially be included in an employee benefits package and would count as compensation.

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3 steps to aligning compensation planning with organisational goals

Cezanne

Those could include off-cycle rewards, cash bonuses , stock awards, incentive L&D, co-creation in salary review, public celebrations of individual success and overall approach to performance management… That’s no small list! When you look at your compensation ‘as it stands’, you can then benchmark against industry norms.

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What is an employee incentive program: ideas and outcomes

Workable

At their core, employee incentive programs are designed to recognize and reward employees’ contributions, thereby fostering a culture of appreciation, motivation, and loyalty. What are employee incentives? These incentives can be broadly categorized into two types: monetary and non-monetary.

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Should you include salary in a job description? Let’s talk!

Workable

However, incentives such as equity, bonuses, and remote work can level the playing field. Another issue that may arise is that competing companies will see your offered salary and now know the benchmark for out-offering you. Disclosing the salary may skew the candidate’s impression of the full value of the position.

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Build a high-performing sales team: your comprehensive guide

Workable

Find out with Workable, the world's leading ATS. Find out with Workable, the world's leading ATS. We’re talking about hiring benchmarks here. Time to Fill Workable defines Time to Fill (TTF) as the time elapsed between the point when a job is posted and the point where a job is filled. And we don’t mean sales metrics.

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Pay transparency: the pros, the cons, and best practices

Workable

Outcome transparency involves disclosing the actual compensation figures, such as specific salary ranges or benchmarks for different roles and levels within the organization, allowing employees and candidates to see where their pay stands relative to those benchmarks. That often leads to lower compensation across the board.

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The recruitment process: 10 things you need to master to succeed

Workable

Also, these examples of great job ads from the Workable job board have really hit the mark. c) Sourcing passive candidates with Workable. Workable helps you source qualified candidates by: Providing access to a searchable database of more than 400 million candidates. In this case, a referral bonus could work as an incentive.