Kategorier: Alla - benefits - compensation - salary

av TYPHAINE ALVAREZ BENIS för 3 årar sedan

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Compensation package

Compensation packages encompass a variety of elements designed to reward and incentivize employees beyond just their base salary. Benefits typically cover necessary expenses like health insurance, retirement savings, and commuting costs, which an employee might otherwise need to pay out of pocket.

Compensation package

Compensation package

/ˈpæk.ɪdʒ/

Budgeting is the process of planning and creating a detailed scheme on how you will spend and/or invest the money you have.

Bonuses

Holiday bonus
cash bonus non-cash bonus
Christmas bonus
Performance-based bonus
productivity
spot bonus
merit award
goals - targets - objectives
profit-sharing bonus
long-term incentive plan
equity

The value of a company, divided into many equal parts owned by the shareholders, or one of the equal parts into which the value of a company is divided:


He sold his equity in the company last year.

participation
tax incentives

Perks and benefits

What’s the Difference?


Essentially, benefits pay for expenses that an employee would have to cover with their income, such as health insurance, savings for retirement, and transportation costs for commuting to and from work each day.


Perks, on the other hand, are extra rewards or incentives on top of salary and non-wage compensation. They are frequently “experiential” in nature, meaning they provide an experience for an employee but aren’t necessarily a form of compensation (see some specific examples below).

General terms
benefits in kind
fringe benefits
weighting
Perks
subsidised off/on-site
childcare
flexible hours
telecommuting
cafeteria system
Benefits
Company car
transportation costs commuting costs
retirement savings plan / scheme

Scheme /skiːm/ - an officially organized plan or system.

health dental insurance

Salary

/ˈsæl.ɚ.i/

Leave
maternity / pat. leave
vacation days
personal days family matters
sick days or sick leave
Overtime
double time pay
to put in x hours of overtime
to be on overtime
Wage (s)
flat rate
hourly rate
basic wage
Base salary
to earn/earnings
pay range
pay scale
annual salary per annum
gross salary
net salary