Recruitment glossary
What is a Compensation Package?
A compensation package is the combination of salary and fringe benefits an employer provides to an employee in exchange for work. In addition to base salary and health benefits, a compensation package can also include on-site amenities, gym memberships, stock options, vacation, leaves, retirement, flexibility and other employee perks.
Related terms
Transferable Skills refer to the abilities or expertise that may be used in a variety of roles or occupations, such …
Turnover refers to the percentage of workers who leave an organisation and are replaced by new employees. Measuring employee turnover …
Twitter Recruiting is a talent acquisition practice that utilizes the social media channel, Twitter, to attract candidates, network with talent …
An Unstructured Interview is an interview conducted without a specific set of predetermined questions. Unstructured interviews are meant to flow …
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