Competitive compensation is not limited to base salary. It includes a combination of various elements such as:
- Base Salary: The foundational pay that reflects the job role and responsibilities. - Bonuses and Incentives: Performance-based rewards for achieving specific goals. - Benefits: Health insurance, retirement plans, and other perks that add value to the overall compensation package. - Work-Life Balance: Flexible working hours, remote work options, and paid time off can significantly enhance job satisfaction.