Publication Date
6-2010
Abstract
KEY FINDINGS
· While most employees—and possibly some employers—think of employee compensation primarily in terms of “wages” or “salary,” many employees’ total compensation packages add up to a significantly larger figure.
· Many employees don’t understand the actual costs of their total compensation packages.
· Many employers do not adequately communicate to employees the cost of benefits they provide.
· Different employees place different values on specific benefits.
· Offering choice over the mix of compensation has some costs, but can benefit both firms and employees.
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Comments
Recommended Citation
Center for Advanced Human Resource Studies. (2010, June). Employee Compensation: Know the true costs of employment and optimize them to benefit employers, employees (CAHRS Research Link No. 8). Ithaca, NY: Cornell University, ILR School.