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Ioana Fane

Ioana Fane

HR Specialist @Ullink

PROGRAMMING
Creative compensation

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.

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