What Are the Components of a Competitive Compensation Package?
A competitive compensation package typically includes the following components:
Base Salary: The fixed amount of money paid to an employee. Bonuses: Additional financial incentives based on performance or company profits. Equity: Stock options or shares in the company, making employees partial owners. Benefits: Health insurance, retirement plans, and other perks. Work-Life Balance: Flexible working hours, remote work options, and paid time off.