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Compensation and Benefits 101

Welcome to Business Explainer 101, where we break down complex business concepts into simple, engaging lessons. In this episode, we explore one of the most essential pillars of Human Resources: Compensation and Benefits. Whether you're an HR professional, business owner, student, or team leader, this comprehensive video will walk you through the full spectrum — from salaries and bonuses to insurance, retirement plans, and global trends. What You’ll Learn: CHAPTER 1: What is Compensation? → Direct (wages, bonuses) & Indirect (benefits, perks) CHAPTER 2: Strategic Importance → Why pay strategy matters for attracting, motivating & retaining talent CHAPTER 3: Direct Compensation → Base pay, incentives, profit sharing, and more CHAPTER 4: Indirect Compensation → Health insurance, paid leave, parental benefits, and wellness perks CHAPTER 5: Legal & Ethical Issues → Key labor laws, compliance, pay equity, and transparency CHAPTER 6: Compensation Design → Job evaluations, market benchmarking, pay structures CHAPTER 7: Performance & Reward Systems → Merit pay, bonus plans, gainsharing, and recognition programs CHAPTER 8: Global Compensation Trends → Remote work stipends, stock options, flexible benefits & AI tools Subscribe to Business Explainer 101 to keep learning essential HR and business concepts made simple. #HRExplained #CompensationAndBenefits #HumanResources #BusinessExplainer #HR101 #PerformanceManagement #EmployeeEngagement #RemoteWork #FutureOfWork #PayTransparency