Issue 1

Creative compensation

Ioana Fane
HR Specialist
The basic concept of the compensation management is quite simple: employees perform duties for their employers and companies pay salaries according to the fulfilled objectives. Therefore, compensation is an exchange or a transaction from which both parties - employer and employee - can benefit: both sides receive something for offering another thing. However, the benefits involve much more than a simple transaction. From the employer's point of view, compensation is a matter of accessibility and motivation of the employees. The crisis period began in early 2009, when most IT companies made the transition from providing a more attractive fixed salary, to developing and establishing more appealing compensation and benefits packages, in order to attract the external resources market, but also designed to maintain current employees motivated.

Read printed format