Employee Compensation System

November 27, 2023 1 Min read Views 43 TECH

Employee compensation refers to the total rewards, both financial and non-financial, that an employee receives in exchange for their work and contributions to an organization. It encompasses salary or wages, bonuses, benefits, and other perks provided by the employer. The goal of employee compensation is to attract, retain, and motivate a talented workforce while ensuring equitable and fair remuneration for their efforts.

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