Compensation and Benefits

A strategic compensation and benefits package can attract top talent and keep your company competitive. Find useful tips here.

Browse the sections below to find quality HR Content. Learn from our compensation and benefits archives here.

frustrated woman with coffee and crumpled paper

Why Paid Sick Leave Is Important

In the United States, there is no federal law that requires companies to offer paid sick leave for their employees. Some cities and states do require sick leave, but many don’t. Regardless, it’s usually a standard benefit that comes with employment. Some companies ...

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lettered blocks stacked on pennies spelling salary

Why You Should Pay Employees a Competitive Salary

Paying employees a higher salary in order to grow your business sounds like it’s counterintuitive. After all, if you paid employees less money, wouldn’t there be more money left for the business? Low Salaries Don’t Save Money A major cause of employee turnover is ...

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When Should You Give Your Employees a Raise?

The best asset of any company is the employees. While employees leave for a wide variety of reasons, the pay is a major cause of employee turnover. Employees who feel that they aren’t valued by the company or paid enough for their positions tend to search for other ...

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graduation hat on top of money and books

The Benefits of Offering Tuition Reimbursement

Tuition reimbursement provides a lot of benefits for employees. They can return to school for a higher degree and recover some of the costs. Tuition reimbursement programs aren’t always limited to tuition. Other expenses, such as the cost of books, may also be ...

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profit sharing

What Is Profit Sharing and Should Your Company Offer It?

It’s important to reward your employees for a job well done. It’s common for companies to offer year-end bonuses to their employees for this reason. Many employees come to rely on them as a part of their salary. However, offering bonuses can become problematic during ...

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Payroll Software Systems

The Real Costs of Payroll Errors

Payroll is often the largest expense for a company. Payroll can get even pricier when errors are made. The following are a few ways that payroll errors can cost your company. Labor Hours Spent Correcting Errors Every single error made must be corrected when it comes ...

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Employee

5 Potential Benefits of Bringing on Under-Qualified Employees

Most people need a job and most companies need employees. This simple equation seems like a recipe for success, but it gets complicated when both sides start to put expectations on the other. It’s obvious that everyone has to start somewhere, but how can unqualified ...

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paid time off

Should You Offer PTO?

Many companies have begun to switch over from offering sick days and vacation time to offering a set amount of paid time off, or PTO that can be used for any reason. There are pros and cons to this approach, however. Advantages of PTO PTO is easier to calculate than ...

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