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Most companies spend a lot of time building out thoughtful compensation packages, but don't communicate the "why" and "how" to their employees. The Employee's Guide to Compensation bridges that gap.
Learn what companies are thinking when they build out your compensation package, with a brief intro to the concepts of compensation philosophy and total rewards.
Learn how companies set salaries, with an overview of the complex factors that influence pay, including market data, performance, and supply and demand.
Your salary (or base pay) is an important component of your compensation, but don't overlook the other valuable elements of your total rewards package.
Gartner Research, 2022
This is the most common question that employees have about compensation. And it usually stems from a lack of understanding and transparency around pay.
To answer this question, employees need to know the signs that a company is approaching comp thoughtfully, and trying to implement fair and equitable pay.