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What is a Good Compensation Package? How to Decode Salary, Benefits, & Perks

Zengig

While the role itself, company culture, and growth opportunities matter, compensation is, for many, the most important of all. So, what exactly is a good compensation package, and why should you care? What is a compensation package? Not all compensation packages are created equally.

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The Effect of Inflation on Attracting and Retaining Talent

Broadleaf

When the national labor shortage is combined with the declining value of the dollar resulting from inflation, it becomes clear why expectations around employee compensation are changing. To put things in perspective, compensation is now lower than it was in December of 2019. Trading Economics sees compensation trending up 3.6

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Guide to Hiring Employees in Chad

Recruiters Lineup

Any work beyond these standard hours is considered overtime and should be compensated accordingly. Employers must adhere to these regulations to ensure fair compensation for employees working extra hours. These contracts outline the terms and conditions of employment, including responsibilities, compensation, and duration.

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How to Add Talent Analytics To Your Recruitment Strategy

Ideal

Talent analytics go beyond ATS data to look at the bigger picture by pulling in data from sourcing, hires, onboarding, retention, cost, and even CRM or project management tools you use to manage your hiring process. Analyze compensation. Optimize Your Hiring Using AI.

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How to Increase Employee Retention

Team Software

The current job market has left many employers wondering how to increase employee retention. That fact means many employers are chiefly concerned with staff retention and employee turnover-related issues, since better retention of existing employees takes the pressure off constantly hiring and training new talent.

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Dysfunctional Turnover: Meaning & 9 Best Ways to Reduce it

CuteHR

Enough turnover to guarantee you have new talent, yet enough retention to keep your organization stable. An inadequate transportation system. However, the organization seems unconcerned about the workers’ transportation needs. Furthermore, there is no overtime compensation for extra hours worked.

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Guide to Hiring Employees in Colombia

Recruiters Lineup

Minimum Wage and Benefits: Be aware of the current minimum wage in Colombia and ensure that your compensation packages comply with the legal requirements. Consider additional benefits such as health insurance, transportation allowances, and meal vouchers.

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