What Elements are Included in Compensation Policies?
Base Salary: The fixed amount of money paid to an employee for their role. Bonuses: Additional compensation given for achieving specific targets or milestones. Benefits: Non-monetary perks such as health insurance, retirement plans, and paid time off. Equity Compensation: Stock options or shares given to employees as part of their compensation package. Incentives: Performance-based rewards that motivate employees to exceed their goals.