What is the difference between the salary & wage? Read it Later (BookMark)
Salary is a fixed regular payment of money paid to an employee (a professional) from an employer, on monthly basis, but expressed as an annual sum in the business world. […]
What is compensation & How to define Compensation Structure? Read it Later (BookMark)
The benefit in monetary or non-monetary terms, employees get from the organization all together in return of their efforts / service offered to the company can be called as Compensation. […]
How to maintain Compensation Parity? Read it Later (BookMark)
For any successful business, it is important to maintain parity in their pay structure or compensation structure in order to retain the talented employees. It is one of the major […]
How to Do a Compensation Survey Read it Later (BookMark)
What is compensation survey? The main aim of any survey is to arrive at a conclusion by inferring the survey results. The main aim of compensation survey is to determine […]
3 Key Factors to Fix the Basic Salary for a Job Position Read it Later (BookMark)
Compensation is the reward for an employee for the work done. There are so many components in the compensation like basic, DA, HRA, CCA, and other allowances etc. Components other […]
What is Total Rewards Program Read it Later (BookMark)
Today’s millennials – they are totally different from Gen X, Gen Y and Baby boomers. Yesterday’s employees are mostly concerned with whether they are paid for what they have worked. […]