Your compensation plan is a living document. It’s important to conduct a regular compensation review to retain employees and stay competitive.
A good compensation philosophy outlines your strategy to hire, retain, and reward talent. It can help you hire affordably, competitively, and fairly.
A compensation plan outlines salaries, bonuses, and equity. Total rewards plans (comp plus benefits) help companies attract and retain employees.
By putting a specific dollar value on salary, equity, and benefits, Carta Total Rewards can help engage your employees and retain high performers.