1、PlaybookCompensation&Benefits for StartupsTABLE OF CONTENTSI.DEFINITIONII.IMPORTANCE OFCOMPENSATION&BENEFITSIII.STEPS TO DEVELOP A FAIRCOMPENSATION PLANIV.BEST PRACTICESV.DETERMININGSALARY RAISESVI.INDONESIASMANDATORY BENEFITSVII.COMMON PACKAGESIX.CURRENTBENEFITS TRENDSVIII.EXAMPLES OFSTARTUP BENEFI

2、TSX.SALARYBENCHMARKSDEFINITIONCompensation and benefits(C&B)is a human resources section dealingwith policies surrounding employee payment and benefit provision.Thetwo seem similar,but they do have some notable differences.Compensation is a direct reward meant to pay for the work done;forexample,bas

3、e or overtime pay,commissions,and bonuses.It can bemonetary or non-monetary and is usually entirely if not mostly taxable.Benefits,on the other hand,are indirect rewards offered as part of theemployment relationship and are always non-monetary.These caninclude perks such as flexible work schedules,p

4、aid time off,parentalleave,health insurance,and more.Guaranteed pay:fixed monetary rewardsTo clarify,we can split these into four distinct categories:1.2.Variable pay:non-fixed monetary rewards dependent on discretion,performance,or results 3.Benefits:described earlier 4.Equity-based compensation:a

5、form of compensation using the employers shares IMPORTANCE OFCOMPENSATION&BENEFITSAn organizations compensation and benefits package can considerablyimpact its success,especially when it needs to secure top talents thatare already employed with great packages.With many companiessifting through the s

6、ame applicant pool,a competitive plan is almostcertainly required to attract top talents.For example,other than good pay,special perks like gym access ordental coverage can help your company stand out to potential hires.Moreover,a good plan can help a company retain talents.A well-structured package