The Compensation and Benefits policy ensures to manage the employees’ fixed pay and provide various benefits by setting performance standards and maintaining the same for every employee. Benefits administration within any company takes care that employees of that company are provided compensation for their efforts in projects and benefits for any of their financial crisis. It is an official statement to the employees about how they receive benefits from their company. It is the primary function of the HR processes because compensation and benefits administration to handle for each employee based on their performance statistics is time-consuming and is most important for employees. The company providing timely benefits to its employees must look if their policy is compliant with the government’s laws, which can be ensured with our policy template.