Providing Voluntary Benefits – Incentive Pay and Paid Time Off
How are good employees rewarded? There are many different types of compensation and benefits that help a company stay relevant and competitive to employees. Although types of compensation vary, their purpose is the same: to recruit, reward, and retain the best employees and give a company a competitive advantage.
- Types of voluntary benefits
- Types of incentive pay and paid time off, including commissions, bonuses, profit-sharing, stock options, team pay, and merit pay