COMPENSATION | English meaning - Cambridge Dictionary compensation claim The victims made a compensation claim against the company for damages She admitted her company's responsibility for the disaster and went on to explain how compensation would be paid to the victims The small amount of compensation is a further source of grievance to the people forced to leave their homes
COMPENSATION Definition Meaning - Dictionary. com Compensation definition: the act or state of compensating, as by rewarding someone for service or by making up for someone's loss, damage, or injury by giving the injured party an appropriate benefit See examples of COMPENSATION used in a sentence
What Is Compensation? | Definition and Compensation Types Compensation is the total cash and non-cash payments that you give to an employee in exchange for the work they do for your business It’s typically one of the biggest expenses for businesses with employees Compensation is more than an employee’s regular paid wages It also includes many other types of wages and benefits
Compensation - Meaning, Types, Examples, Factors, Vs Salary Compensation is the total rewards, including monetary and non-monetary, that employees receive in exchange for their work and contributions to an organization It aims to attract, retain, and motivate talented individuals by aligning their efforts with the organization's objectives
Types of Compensation: Everything HR Needs to Know - AIHR Compensation refers to any payment given by an employer to an employee during their period of employment In return, the employee will provide their time, labor, and skills This compensation can be in the form of a salary, wage, benefits, bonuses, paid leave, pension funds, stock options, and more
COMPENSATION definition and meaning | Collins English Dictionary Compensation is money that someone who has experienced loss or suffering claims from the person or organization responsible, or from the state There should be compensation for British farmers hit by the slump in demand The court ordered him to pay £300 compensation
What is compensation? (definition and examples) Compensation can be understood as different forms of returns that employees receive as part of an employment agreement This includes financial returns, services, and benefits such as insurance, paid vacation, sick days, pension plans, employee discounts, and more
Understanding Compensation: Its Meaning and the Different Types Compensation is the total amount of cash and benefits you receive for working It includes your regular pay, such as your hourly wage or yearly salary Plus, it covers all the added benefits, like health insurance, tuition assistance, and bonuses
What Does Compensation Mean? Definition Examples - Sage Typically, compensation refers to monetary payment given to an individual in exchange for their services In the workplace, compensation is what is earned by employees It includes salary or wages in addition to commission and any incentives or perks that come with the given employee’s position