Designing a salary package is tricky.
From an employee perspective, there is a requirement to maximise compensation, and from an employer perspective, one has to toe the fine line between making an employee happy, and yet keeping costs competitive.
But then again, what is compensation? Is it only money?
Yes, you may say. I work hard, and I deserve to be well-compensated. But then again, the answer still doesn’t stop at money. There are a few standard benefits such as family insurance and some perks, but I usually find them wanting – they all revolve around money.
Can we work on a better way to compensate our employees? A question that I aim to answer, and hopefully answer well in the coming days. Do wish me luck!