employee compensation
Staff salary package
Employee compensation is the total payment and benefits an employee receives for their work.
This includes wages or salary, but also bonuses, health insurance, retirement contributions, stock options, and other perks.
The job offer looked modest until I factored in the full employee compensation package.
Companies use compensation strategically to attract and retain talent.
- health insuranceProtection against medical costs
- salaryFixed periodic employment payment
- pay scalesStructured compensation levels
- take-home payEarnings after withholdings
- minimum wage lawsLegislated lowest permissible pay
retirement plans · bonuses · annual bonus · signing bonus · wages · overtime regulations · commissions · profit-sharing · hazard pay · severance pay · stock options · golden parachute · 401k match · tax codes · overtime pay · paid time off · pay equity · cost of living adjustment
employee compensationvolunteer work
Freely given service
unpaid labor · pro bono work · unpaid internship · indentured servitude · slave labor
employee compensationtuition
Payment for instruction
franchise fees · pay-to-play · training fees · licensing costs · union dues
employee, employees, employ, employs, employed, employing, employer, employers, employment