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Create data-backed offers based on compensation benchmarks or prior offer acceptance rates. Make sure that new hire offers fall within your comp bands to prevent salary compression and maximize fairness.
Total compensation or “TC” as it’s colloquially (and somewhat sarcastically) referred to across the tech industry, is a term referring to the sum total of all of the monetary compensation that an employee receives in a given year. In tech company circles, it has become a common term that allows employees at different companies to compare their compensation and determine whether they’re being paid a market rate.Read Story