<ul><li>Workforce compensation plans are used to allocate budgets to managers and compensation to groups of employees during a compensation cycle.</li><li>Compensation can be monetary or non-monetary, such as stock allocation or perks.</li><li>The workforce compensation process involves preparing for the cycle, administering individual and workforce compensation plans, and closing the cycle.</li><li>Key roles in the workforce compensation process include Compensation Administrator, Compensation Manager, Line Manager, and HR Specialist.</li></ul>

Workforce Compensation

Discover more