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Compensation Plan

A compensation plan refers to all the components of a compensation package (wages, salaries, and benefits), the manner in which it will be paid, and for what purpose employees receive bonuses, salary increases, and incentives.

Benefits of having a Compensation Plan

Cornerstone Compensation enables organizations to easily manage compensation plans with configurable, intuitive, and accurate workflows – eliminating manual processes, reducing paperwork, and saving time and administrative costs.

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