Compensation Programs

Compensation programs refer to the structured ways organizations reward their employees for their work. This can include salaries, bonuses, benefits (like health insurance), and other perks. These programs are designed to attract, motivate, and retain talent by ensuring employees are fairly compensated based on their roles, performance, and market standards. A well-designed compensation program balances the needs of the organization with the expectations of employees, promoting satisfaction and productivity while ensuring the organization remains competitive and financially healthy.