fair compensation

What Components Make Up Fair Compensation?

Fair compensation includes several components:
- Base Salary: The fixed amount of money paid to an employee before any extra benefits or bonuses.
- Bonuses and Incentives: Additional payments based on performance or achieving certain goals.
- Benefits: Non-monetary perks such as health insurance, retirement plans, and paid time off.
- Equity and Stock Options: Offering ownership stakes or stock options can be an attractive part of the compensation package.
- Career Development Opportunities: Providing opportunities for growth and advancement can be a significant part of fair compensation.

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