Maximize employee motivation with a total rewards software. Enhance engagement, customization, transparency, and data-driven decision making. Implement gamification, career development, and social recognition. Improve performance with centralized recognition and real-time feedback. Assess needs, communicate effectively, and evaluate for continuous improvement.

Wage compression refers to the phenomenon where the wage differences between employees within an organisation or labour market narrow, resulting in a smaller pay gap between high- and low-skilled workers. This can occur due to various factors, including market forces, regulations, and organisational policies.

Compensation management is a strategic approach to providing monetary and non-monetary rewards to employees to attract, retain, and motivate them. It is an essential aspect of human resource management as it directly influences employee satisfaction, engagement, and productivity.