Abstract

Employee salary, compensation, and other related benefits are key aspects that employees look at before joining an employer. The benefits that an employer can offer employees is not only crucial at the commencement of employment. Compensation and other related benefits play a vital role when employees are making decisions regarding their careers. How much a particular employer pays its employees at a specific job title or grade, whether the position comes with a company car or car allowance, whether the position offers a housing scheme or allowance are amongst the leading factors in determining whether moving from one company to next, or from one job grade to the next is considered. In some instances, though the cost to company may be a lucrative figure in the eyes of the employee, the tangible benefits may not be that grand. In other instances, though cost to company may not be very attractive, the benefits that accompanies the job grade may be attractive. It is thus crucial for employers to package their salary packages in a way so as to attract and retain the right employees.

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