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IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Center for Advance Human Resource Studies (CAHRS)

CAHRS Research Link No. 8

 

Employee Compensation: Know the true costs of employment and optimize them to benefit employers, employees (June 2010)

http://digitalcommons.ilr.cornell.edu/cahrs_researchlink/10/

 

Abstract

KEY FINDINGS

 

· While most employees—and possibly some employers—think of employee compensation primarily in terms of “wages” or “salary,” many employees’ total compensation packages add up to a significantly larger figure.

 

· Many employees don’t understand the actual costs of their total compensation packages.

 

· Many employers do not adequately communicate to employees the cost of benefits they provide.

 

· Different employees place different values on specific benefits.

 

· Offering choice over the mix of compensation has some costs, but can benefit both firms and employees.

 

Recommended Citation

Center for Advanced Human Resource Studies. (2010, June). Employee Compensation: Know the true costs of employment and optimize them to benefit employers, employees (CAHRS Research Link No. 8). Ithaca, NY: Cornell University, ILR School.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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