Compensation & Reward structures
It is increasingly difficult to hire employees, so organizations are looking at various ways to improve their compensation packages and remain competitive in addition to pay. Below are a variety of items that are considered part of a compensation/reward structure. In an ideal job (maybe not the one you are currently in), choose what would be your top three (3) and tell us why those three are important to you.
Flexible Work Schedules
Remote Working Freedom
Paid Time Off
Life insurance
Pet Insurance
Childcare Benefit
Parental Leave
Retirement Savings
Guide On Rating System
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Flexible Work Schedules: This is important to me because it allows me to have a better work-life balance. Having the freedom to choose my work hours or adjust my schedule as needed provides me with the flexibility to prioritize personal commitments and take care of other responsibilities outside of work. It also allows me to be more productive and efficient during times when I am most focused and motivated, leading to better overall job satisfaction.
Remote Working Freedom: Being able to work remotely is important to me because it provides me with the flexibility to work from anywhere, which can greatly enhance my work-life balance and reduce commuting stress. Remote work also allows for increased productivity and creativity, as it eliminates distractions and interruptions commonly found in office settings. It gives me the opportunity to create a workspace that is comfortable and conducive to my personal preferences, resulting in better job satisfaction and overall well-being.
Paid Time Off: Having sufficient paid time off is essential for me as it ensures that I can take breaks and recharge. It provides me with the opportunity to prioritize self-care, spend quality time with loved ones, and pursue personal interests and hobbies. Time away from work not only helps prevent burnout and stress, but it also promotes mental and physical well-being, which in turn positively impacts my overall job performance and satisfaction.