In any organization, for profit or nonprofit, results are a direct reflection of the work done by their employees. Compensation for those employees is certainly a big factor in who they can hire in the first place and over the long run decides who they can keep on their staff.
Salary Versus Compensation
Salary is just one aspect of an employee’s compensation. Here’s a beginning list of things that are considered part of the overall compensation package.
- Salary—This is the big one that’s on everyone’s mind and what we’ll focus on here.
- Benefits—This includes medical