Understanding the Building Blocks of Your Compensation Package When you think about your job, what comes to mind? The work itself? The people you work with? Or maybe the compensation package? 🤔 Let’s break down the different components of a typical compensation package: 🔹Pay: This includes your base salary and any bonuses or commission you might earn. 🔹Incentives: These are rewards tied to your performance, such as bonuses, profit-sharing, or stock options. 🔹Benefits: Think health insurance, retirement plans, and paid time off. 🔹Perquisites: These are extra perks like a company car or gym membership. Understanding these components can help you negotiate a better deal and make informed decisions about your career. #compensation #salary #benefits #career #HR #finance
