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Creating Total Compensation Offerings for Managing Multiple Generations

As employers plan for the workforce of the future, it is essential to consider alternate approaches for creating and implementing total compensation packages; this typically includes compensation, benefits, retirement, perquisites and ancillary and time-off benefits. Now that multiple generations exist in the workforce, all with varied attributes and differences, a one-size-fits-all total compensation approach should no longer be considered. These new approaches must also be cost-effective, compliant and competitive.

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