It refers to the total amount of financial and non-financial rewards an employee receives in exchange for their work. This can include base salary, bonuses, benefits (such as health insurance and retirement plans), stock options, and other forms of compensation, such as paid time off and flexible work arrangements. Employee compensation is an important factor in attracting and retaining talented employees and motivating employees to perform at their best.
For More Info:
Employee compensation and what you need to know about it
Sign up now to get updated on latest posts and relevant career opportunities