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The total monetary value that an organisation offers employees, including perks, base salary, bonuses, paid time off, etc.
It is an incredibly effective tool to utilize when attracting talent and also helping employees understand the value they receive in the form of benefits. A crucial part of the recruitment process, total compensation is usually something that applicants are keen to hear about during the interview stage. Curating and implementing an attractive total rewards program helps keep employees motivated and increases a company’s return on engagement and investment.
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