Compensation & Benefits
The process by which an individual determines direction, influences a group, and directs the group toward a specific goal or mission.
Compensation and benefits (C&B) is a branch of human resources that deals with the payment of employees and the provision of benefits. It includes the process of determining how much an employee should be paid and deciding what benefits should be offered. C&B also encompasses the administration of employee benefits programs, including enrolling employees in benefits plans, processing claims, and communicating information about benefits to employees.
C&B professionals must stay up-to-date on changes in labor laws and regulations that affect employee pay and benefits. They also need to be knowledgeable about the various benefits plans available and the costs of those plans. C&B professionals must be able to design benefits programs that meet the needs of the organization and its employees. They must also be able to administer benefits programs efficiently and effectively.