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  1. Dictionary
    Com·pen·sa·tion
    /ˌkämpənˈsāSH(ə)n/

    noun

    • 1. something, typically money, awarded to someone as a recompense for loss, injury, or suffering: "seeking compensation for injuries suffered at work"
  2. In simpler words, compensation is the money received by an employee from an employer as a salary or wages. Types of Compensation. Compensation doesn’t mean only a paycheck, although that’s part of it. Compensation comprises a number of different elements which may be cash and non-cash payments.

  3. noun. Definition of compensation. 1. as in reparation. payment to another for a loss or injury a warehouse worker who received a large compensation for his crippling injury while on the job. Synonyms & Similar Words. Relevance. reparation. damages. indemnity. restitution. redress. punishment. indemnification. recompense. remuneration.

  4. Compensation is what employees earn in exchange for their contributions to your business. The difference between base pay and compensation is that a total compensation package often includes an employee’s base pay (i.e., the minimum they’re paid each paycheck), plus a wide range of other monetary and non-monetary rewards.

  5. noun. uk / ˌkɒmpənˈseɪʃ ə n / us. compensation noun (MONEY) Add to word list. money that you pay to someone because you are responsible for injuring them or damaging something: Most of the workers have won compensation for losing their jobs. compensation noun (SOMETHING GOOD)

  6. 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.

  7. Oct 25, 2021 · Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.

  8. 3 days ago · At the World Cup in Doha, FIFA president Gianni Infantino said a workers' support and insurance fund set up in 2018 by Qatar had provided compensation of more than $350 million to workers in cases ...

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