What do you mean compensation?
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.
What is compensation and example?
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, and stock options, and more.
Why is it called compensation?
Your salary is called compensation because you are being compensated for being somewhere you'd rather not be, doing something you'd rather not do.
[PDF] Compensation- Concept and Policies - Shivaji College
Compensation- Concept and Policies - Shivaji College www shivajicollege ac in/sPanel/uploads/econtent/f4eef5343e952a35c7742f1d8cb90e4e pdf Over and above the base Compensation • FRINGE BENEFITS • Fringe benefits are additions to compensation that companies give their employees
[PDF] Oracle Compensation
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[PDF] International Compensation - Lucknow University
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[PDF] National Compensation Measures - Bureau of Labor Statistics
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[PDF] Workers' Compensation - NGUMCorg
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managing government compensation and employment—institutions www imf org/external/np/pp/eng/2016/040816a pdf 8 avr 2016 This requires adequate fiscal planning to ensure appropriate financing of the wage bill competitive compensation to attract and retain skilled
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