Compensation is a critical component of any employment relationship, encompassing more than just an employee's paycheck. It includes a range of financial and non-financial rewards designed to attract, retain, and motivate employees. While salary is often the most visible aspect, compensation also includes benefits such as health insurance, retirement plans, pay increases, paid leave, and other perks. Understanding the full scope of compensation is essential for both employers and employees, as it reflects the true value of a job and contributes to job satisfaction, engagement, and long-term career planning.
For more information on positions, please check out the Position Management pages.