Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Heading 5
Choose your role:
Category:
Human Resources
Save this article >
How to Help Employees Understand Their Total Compensation
Author:
Paycor
Publication date:
August 19, 2022
Article Summary:
Total compensation is the complete monetary value an employee receives from their employer, including salary, benefits, and incentives. Providing total compensation statements helps employees understand the full value of their employment. Engaged employees are more likely to stay with a company when they feel valued, and transparent communication about compensation is crucial. Total compensation statements should include details about pay, benefits, taxes, and other incentives. Best practices for discussing compensation include honesty, transparency, and understanding employee preferences.
Keywords:
Total compensation, salary, benefits, incentives, employee retention, engagement, transparency, communication, total compensation statement, pay, bonuses, benefits breakdown, employee satisfaction, Paycor, Compensation Planning, Reporting and Analytics Tools.
Source Citation:
Paycor
How to Help Employees Understand Their Total Compensation
August 19, 2022
Did you find this article useful?
Your feedback is important not only to us, but to all the other key players in the condo industry. Help us by letting us know if this article is relevant and useful. This will help us prioritize articles that provide helpful guidance to other key players like you.
Please login to use this feature.
