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Deferred Compensation and Its Valuable Role in Total Employee Compensation

Zenefits

There are different ways to compensate employees for their work. Deferred compensation is another method. While many forms of pay go directly into an employee’s bank account at the close of a pay period, deferred compensation doesn’t. What is deferred compensation? What is deferred compensation?

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6 Compensation Trends for the Year Ahead

Zenefits

Some of these benefits options became hot topics following what’s now referred to as the Great Resignation. In its wake emerged the need to attract new talent in order to compensate for ongoing labor shortages. But it’s still important to have a robust compensation package to help secure new hires to fill your open positions.

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How Indirect Compensation Shapes a More Attractive Work Package

Zenefits

And 2 overarching types of compensation are direct and indirect compensation. While direct compensation is more well-known and finite, indirect compensation may boost morale and help with retaining employees. We’ll also look at several indirect compensation examples. What is indirect compensation?

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Incentive Compensation: Why Your Strategy Might Include It

Zenefits

Many organizations opt for an incentive compensation program as part of their total compensation strategy. An effective incentive compensation plan can produce an array of short- and long-term benefits for both employer and employee. What is incentive compensation? Why are incentive compensation plans valuable?

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The Employee Compensation Package: What to Include and Why

Zenefits

Do you know what job seekers want when it comes to total compensation packages? A total compensation package goes beyond your new hires’ base pay rate. By offering competitive employee compensation , you can attract and retain talent who will help your business thrive. What is an employee compensation package?

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Research: Can a More Detailed LinkedIn Profile Boost Your Salary?

Harvard Business Review

A simple résumé and a list of references no longer captures the essence of our professional capabilities. To measure the effects of digital presence on compensation, they analyzed a sample of 1,741 executives who changed jobs between 2004 and 2011. Our digital presence impacts how others perceive us.

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Why is Compensation Planning a Critical HR Process?

Zenefits

With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. Proper compensation planning is essential to ensuring you are rewarding the right people for the right input. What are vital considerations in compensation planning? Why is compensation planning critical for HR?