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0WISCONSIN
UNIVERSITY OF WISCONSINMADISONProject Update
for the Advisory Council
Title and Total Compensation Study
November 13, 2018TITLE AND TOTAL COMPENSATION PROJECTAgenda
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01
To fill out the title, you need to enter the designated title or position of the individual or organization being referred to.
02
To fill out the total compensation, you need to include the entire amount of money and non-monetary benefits received by an employee or individual, including base salary, bonuses, commissions, and any other forms of compensation.
Who needs title and total compensation?
01
Title and total compensation are usually required by employers when filling out employment contracts, job applications, or conducting salary negotiations.
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They are also needed by organizations for financial reporting purposes and by individuals for personal financial planning and tax-related matters.
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What is title and total compensation?
Title and total compensation refer to the position name and the overall pay, including salary, bonuses, benefits, and any other financial incentives, of an employee.
Who is required to file title and total compensation?
Employers are required to file title and total compensation for each of their employees.
How to fill out title and total compensation?
Title and total compensation should be filled out by providing the employee's job title and the corresponding total compensation amount.
What is the purpose of title and total compensation?
The purpose of title and total compensation is to provide transparency and accountability in terms of employee salaries and benefits.
What information must be reported on title and total compensation?
The information reported on title and total compensation should include the employee's job title and the total amount of compensation received.
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