In this episode, we explore the foundations of employee compensation—both monetary and non-monetary—and its strategic role in attracting, retaining, and motivating talent. We unpack key theories like Equity Theory, Agency Theory, and Expectancy Theory, examining how they guide the design of fair and effective pay systems. The episode also covers practical aspects of compensation management, from wage determination to emerging trends and the global influences shaping reward strategies. Whether you're building a pay structure or analyzing what drives employee satisfaction, this episode connects compensation to broader organizational success.