HCM – Salary & Benefits Planning
As job seekers, individuals look for organizations that best suit their skills and career goals while also offering the most attractive employment package.
A salary is the agreed upon payment that an employee receives for the day-to-day tasks they do at their employers. This can be on a bi – weekly or monthly payment as per the contract. On the other hand, employee benefits are composed of compensations employees receive on top of their monthly salary. This can be in the form of medical insurance, paid leave, life insurance, retirement benefits or the option to become a shareholder in the company.