Review:
Compensation Packages
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Compensation packages are the combination of salary, benefits, bonuses, and other forms of remuneration that an employee receives from their employer.
Key Features
- Salary
- Benefits
- Bonuses
- Stock options
- Perks
Pros
- Attract and retain top talent
- Motivate employees to perform better
- Provide security and peace of mind for employees
Cons
- Can be costly for businesses
- May lead to inequality among employees
- Complex to design and manage